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    KIT — Kitron ASA News Story

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    Brief: Kitron Has Completed Acquisition Of EMS Division Of Api Technologies

    Picture of Kitron ASA logoKitron ASA
    15/02/2019 17:43
    Feb 15 (Reuters) - Kitron ASA  KP5.OL :
    * REG-ACQUISITION OF API BUSINESS COMPLETED
    * KITRON HAS COMPLETED ACQUISITION OF EMS DIVISION OF API
TECHNOLOGIES CORP
    * PURCHASE PRICE TO BE PAID, AFTER CERTAIN POST-SIGNING
ADJUSTMENTS, IS USD 14.8 MILLION
    * CO EXPECTS TRANSACTION TO BE EARNINGS NEUTRAL IN 2019 AND
EARNINGS ENHANCING IN 2020 AND BEYOND
    * KITRON WILL CONSOLIDATE ACQUIRED BUSINESS EFFECTIVE TODAY

Source text for Eikon:  ID:nGNE2lD2gB 
Further company coverage:  KP5.OL 

 ((Reuters.Briefs@thomsonreuters.com;))

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