Brief: Gofore Acquires All Shares Of Emundo GmbH

Gofore Oyj

27/10/2022 15:23

Oct 27 (Reuters) - Gofore Oyj  GOFORE.HE :
    * ACQUIRES ALL SHARES OF EMUNDO GMBH
    * PAYS PART OF PURCHASE PRICE BY DIRECTED SHARE ISSUE, INCENTIVE PLAN FOR TARGET COMPANY
MANAGEMENT
    * DEAL FOR 8.0 MILLION EUROS
    * DEAL TO BE CLOSED ON OR ABOUT 1 NOVEMBER 2022
    * WILL PAY 30% OF PURCHASE PRICE IN SHARES, 70% IN CASH CONSIDERATION
    * SELLERS ALSO HAVE AN EARNOUT OPTION OF AN ADDITIONAL PURCHASE PRICE IN 2022-2024
    * EARN OUT OPTION OF UP TO 2.8 MILLION EUROS IN CASH CONSIDERATION
    * FOR 2022, EMUNDO TARGETS NET SALES GROWTH OF OVER 30%, INCREASE IN PROFITABILITY

Source text for Eikon:  ID:nGNE2mrBq 
Further company coverage:  GOFORE.HE 
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