Brief: Freightos Acquires Shipsta, Consideration Includes Cash Payment Of About 4.5 mln Euros And Issuance Of About 640,000 Freightos Shares
19/08/2024 12:11
Aug 19 (Reuters) - Freightos Ltd CRGO.O :
* FREIGHTOS ACQUIRES SHIPSTA, EXPANDING COMPREHENSIVE
DIGITAL
FREIGHT PROCUREMENT SOLUTION
* FREIGHTOS: CONSIDERATION INCLUDES CASH PAYMENT OF ABOUT
EUR 4.5M
AND ISSUANCE OF ABOUT 640 THOUSAND FREIGHTOS SHARES
* FREIGHTOS LTD: ACQUISITION WILL BE FINANCED THROUGH A
COMBINATION OF CASH AND EQUITY
* FREIGHTOS LTD: REVENUE CONTRIBUTION FROM DEAL IN 2025 IS
EXPECTED TO BE BETWEEN $4-5 MILLION
Source text for Eikon: ID:nPn79ggyja
Further company coverage: CRGO.O
((Reuters.Briefs@thomsonreuters.com;))
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