Brief: JLT Mobile Computers Acquires Shares In Partner Control Synergy

JLT Mobile Computers AB (publ)

26/05/2023 07:17

May 26 (Reuters) - JLT Mobile Computers AB (publ)
 JLTM.ST :
    * MAKES STRATEGIC ACQUISITION – BECOMES A SHAREHOLDER IN ITS
AUSTRALIAN SALES PARTNER
    * ACQUIRED 33% OF SHARES IN CONTROL SYNERGY, JLT'S
DISTRIBUTOR IN
AUSTRALIA FOR PAST TWENTY YEARS
    * PURCHASE PRICE AMOUNTED TO 400K AUD (APPROXIMATELY 2.8
MSEK)
WITH RESULTING GOODWILL OF OVER 1 MSEK.
    * PURCHASE PRICE WAS PAID THROUGH A CASH TRANSACTION, AND NO
LOANS
WILL BE TAKEN
    * AS PART OF ACQUISITION, JLT HAS AN OPTION TO ACQUIRE
REMAINING
SHARES IN COMPANY IN FIVE YEARS.

Source text for Eikon:  ID:nGNEs6Q6p 
Further company coverage:  JLTM.ST 

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