Brief: Eurotech Buys Inonet Computer For EUR 9.45 Mln

Eurotech SpA

12/09/2022 17:32

Sept 12 (Reuters) - Eurotech SpA  E5T.MI :
    * EUROTECH ANNOUNCES ACQUISITION OF INONET COMPUTER GMBH FOR
ENTERPRISE VALUE OF EUR 10 MILLION, CASH CONSIDERATION OF EUR
9.45 MILLION
    * EARN-OUT OF UP TO 300,000 EUROTECH SHARES, TO BE PAID
DEPENDING
ON ACHIEVEMENT OF SPECIFIC TARGETS BY 2024
    * EXPECTS TO BRING INONET'S EBITDA MARGIN INTO DOUBLE DIGITS
WITHIN THE NEXT TWO AND A HALF YEARS

Further company coverage:  E5T.MI 

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