Brief: Incap Acquires AWS Electronics Group

Incap Oyj

23/01/2020 06:10

Jan 23 (Reuters) - Incap Oyj  ICP1V.HE :
    * INCAP CORPORATION: INCAP ACQUIRES AWS ELECTRONICS GROUP
    * INCAP OYJ - SIGNED AN AGREEMENT TO ACQUIRE 100% OWNERSHIP
OF AWS
ELECTRONICS GROUP
    * INCAP OYJ - ENTERPRISE VALUE OF TRANSACTION IS GBP 13.5
MLN (EUR
15.9 MLN) AND AN ADDITIONAL EARN-OUT OF A MAXIMUM OF GBP 1.3 MLN
(EUR 1.5 MLN)
    * INCAP OYJ - TRANSACTION WILL BE PAID IN CASH EXCEPT FOR
AMOUNT
OF GBP 0.6 MLN (EUR 0.7 MLN), WHICH WILL BE PAID IN INCAP SHARES
    * INCAP OYJ - SIGNING AND CLOSING OF AGREEMENT WERE
COMPLETED
SIMULTANEOUSLY

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nGNEb0jMNp
    
 Further company coverage:  ICP1V.HE  
   


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