Brief: Dgap-News Katek SE Katek Plans Acquisition Of Sigmapoint

Katek Se

06/04/2022 08:03

April 6 (Reuters) - KATEK SE  KTEK.DE :
    * PLANS ACQUISITION OF SIGMAPOINT
    * HAS SIGNED A COMPREHENSIVE, EXCLUSIVE TERM SHEET WITH
SIGMAPOINT
TECHNOLOGIES INC. IN CORNWALL, CANADA, FOR ACQUISITION OF ALL
SHARES IN CANADIAN COMPANY
    * NEGOTIATION OF ASSOCIATED SHARE PURCHASE AGREEMENT SHOULD
BE
CONCLUDED SHORTLY WITH CLOSING PLANNED FOR END OF Q2 AT LATEST
    * TRANSACTION IS SUBJECT TO NECESSARY OFFICIAL APPROVALS,
SUCH AS
COMPETITION AUTHORITIES
    * IN MEDIUM TERM, SIGMAPOINT IS PLANNING ANNUAL SALES OF
OVER USD
100 MILLION

Source text for Eikon:  ID:nEQ8G5lZna 
Further company coverage:  KTEK.DE 

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