Brief: ID Logistics Buys Colisweb, Specialist In Last Mile Delivery

Id Logistics SAS

14/12/2021 07:04

Dec 14 (Reuters) - ID Logistics SAS  IDLA.PA :
    * ID LOGISTICS ANNOUNCES THE ACQUISITION OF COLISWEB, FRENCH
SPECIALIST IN LAST MILE DELIVERY
    * ACQUISITION OF 100% OF COLISWEB, SPECIALIST IN LAST MILE
DELIVERY
    * ENHANCEMENT OF ID LOGISTICS' OFFER FOR RETAILERS AND
E-MERCHANTS
WITH DELIVERY TO INDIVIDUALS
    * DEVELOPMENT POTENTIAL FOR COLISWEB IN FRANCE AND IN EUROPE
    * PURCHASE PRICE, PAID ENTIRELY IN CASH, IS BASED ON AN
ENTERPRISE
VALUE OF 24 MILLION EUROS
    * A PRICE SUPPLEMENT OF UP TO A MAXIMUM OF 14 MILLION EUROS
MAY BE
PAID IN 2023 AND 2024 DEPENDING ON ACHIEVEMENT OF DEVELOPMENT
OBJECTIVES FOR COLISWEB'S ACTIVITIES
    * COMPLETION OF ACQUISITION IS SCHEDULED FOR EARLY 2022

Source text for Eikon:  ID:nBw5q9cRWa 
Further company coverage:  IDLA.PA 

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