Brief: Gofore Acquires Qentinel Finland

Gofore Oyj

10/08/2020 11:12

Aug 10 (Reuters) - Gofore Oyj  GOFORE.HE :
    * REG-GOFORE PLC: QENTINEL FINLAND BECOMES A PART OF GOFORE
    * HAS TODAY AGREED TO ACQUIRE QENTINEL FINLAND OY, A
SPECIALIST IN
SOFTWARE TESTING AUTOMATION
    * DEBT-FREE PURCHASE PRICE IS EUR 8.9 MILLION
    * GOFORE ESTIMATES THAT ACQUISITION'S NET SALES IMPACT ON
GROUP'S
FINANCIAL STATEMENTS WILL BE APPROXIMATELY EUR 4 MILLION IN 2020
    * DEAL IS ESTIMATED TO BE COMPLETED ON 1 SEPTEMBER 2020
    * ADDITIONAL PURCHASE PRICE HAS BEEN AGREED BASED ON EBITDA
AS
STATED IN CURRENT YEAR'S FINANCIAL RESULTS
    * GOFORE EXPECTS ADDITIONAL PURCHASE PRICE TO TOTAL EUR 1-2
MILLION

Source text for Eikon:  ID:nGNE2RMVpm 
Further company coverage:  GOFORE.HE 

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