Brief: Kalray Signs Agreement To Acquire Arcapix Holdings

Kalray SA

03/03/2022 17:07

March 3 (Reuters) - KALRAY SA  ALKAL.PA :
    * SIGNS AGREEMENT TO ACQUIRE ARCAPIX HOLDINGS LTD
    * SIGNING OF AN AGREEMENT TO ACQUIRE ARCAPIX HOLDINGS LTD, A
PROVIDER OF STORAGE SOFTWARE SOLUTIONS FOR COMPUTING
APPLICATIONS APPLICATIONS
    * COMPLETION OF THE TRANSACTION EXPECTED IN Q2 AFTER
APPROVAL OF
EXTRAORDINARY GENERAL MEETING
    * KALRAY EXPECTS TO REACH A CUMULATIVE REVENUE OF 20 MEURIN
2022
    * KALRAY ACQUIRES 100% OF CAPITAL OF ARCAPIX HOLDINGS LTD
SHARES
FOR A MAXIMUM AMOUNT OF 464 770 KALRAY'S SHARES AND EUR 0.9
MILLION PAID IN CASH SUBJECT TO CLOSING ADJUSTMENTS

Source text for Eikon:  urn:newsml:reuters.com:*:nACT73445
Further company coverage:  ALKAL.PA 

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