Brief: GFT Technologies Says Signed An Agreement To Acquire All Shares In Sophos Solutions

GFT Technologies SE

25/01/2024 21:09

Jan 26 (Reuters) - GFT Technologies SE  GFTG.DE :
    * EQS-ADHOC: GFT TECHNOLOGIES SE: GFT STRENGTHENS ITS
PRESENCE IN
LATIN AMERICA WITH THE ACQUISITION OF SOPHOS SOLUTIONS S.A.S.,
BASED IN COLOMBIA
    * GFT TECHNOLOGIES SE SAYS SIGNED AN AGREEMENT TO ACQUIRE
ALL
SHARES IN SOPHOS SOLUTIONS BASED IN BOGOTÁ, COLOMBIA
    * GFT TECHNOLOGIES -PURCHASE PRICE IS BASED ON A COMPANY
VALUATION
OF AROUND USD 95 MILLION
    * GFT TECHNOLOGIES SE - ACQUISITION WILL INCREASE GFT
GROUP'S
HEADCOUNT BY ALMOST 20 PER CENT
    * GFT TECHNOLOGIES SE SAYS PURCHASE PRICE WILL BE FINANCED
THROUGH
EXTENSION OF EXISTING CREDIT LINES AND OWN FUNDS
    * GFT TECHNOLOGIES SE - ACQUISITION WILL BE FINANCED THROUGH
EXTENSION OF EXISTING CREDIT LINES AND OWN FUNDS
    * GFT TECHNOLOGIES SE SAYS SOPHOS EXPECTS TO HAVE SLIGHTLY
INCREASED ITS REVENUE IN 2023
    * GFT TECHNOLOGIES SE SAYS DUE TO UNDERUTILISATION IN FIRST
HALF
OF 2023, SOPHOS EXPECTS EARNINGS TO BE BELOW PREVIOUS YEAR
    * GFT TECHNOLOGIES SE SAYS ACQUISITION WILL INCREASE GFT
GROUP'S
HEADCOUNT BY ALMOST 20 PER CENT
    * GFT TECHNOLOGIES SE - CLOSING WITH TRANSFER OF ALL SHARES
IS
EXPECTED TO TAKE PLACE AT BEGINNING OF FEBRUARY 2024

Source text for Eikon:  ID:nEQ9ytF5ra 
Further company coverage:  GFTG.DE 

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