Brief: Lectra Acquires Majority Stake In Launchmetrics

Lectra SA

09/01/2024 06:31

Jan 9 (Reuters) - Lectra SA  LECS.PA :
    * LECTRA: LECTRA ANNOUNCES THE ACQUISITION OF THE MAJORITY
OF THE
CAPITAL OF LAUNCHMETRICS
    * TRANSACTION CONCERNS ACQUISITION OF ABOUT 50.3% OF
LAUNCHMETRICS
IN JANUARY 2024 FOR ABOUT 85 MILLION DOLLARS, THIS AMOUNT WILL
DEPEND ON RECURRING REVENUES AND EBITDA FOR 2023
    * ACQUISITION OF REMAINING CAPITAL AND VOTING RIGHTS IS
PLANNED IN
FIVE STAGES: IN 2025, 2026, 2027, 2028 AND 2030
    * TOTAL ACQUISITION PRICE SHOULD BE BETWEEN 200 AND 240
MILLION
DOLLARS, BASED ON EXPECTED DOUBLE-DIGIT GROWTH IN BOTH RECURRING
REVENUES AND EBITDA OVER 2024-2029 PERIOD
    * BPIFRANCE, BEING A SHAREHOLDER OF REFERENCE OF
LAUNCHMETRICS,
WILL SELL PART OF ITS SHARES DURING THIS TRANSACTION AND WILL
REMAIN INTO COMPANY'S CAPITAL UNTIL 2027

Source text for Eikon:  ID:nGNE6CsQbr 
Further company coverage:  LECS.PA 

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