Brief: Lemonsoft Acquires Logentia, Raises 2022 Net Sales Growth Forecast

Lemonsoft Oyj

06/05/2022 10:08

May 6 (Reuters) - Lemonsoft Oyj  LEMON.HE :
    * LEMONSOFT OYJ ACQUIRES LOGENTIA OY AND RAISES ITS NET
SALES
GROWTH FORECAST FOR 2022
    * SHARE PURCHASE AGREEMENT SIGNED ON 6 MAY 2022 AND
TRANSACTION IS
EXPECTED TO BE COMPLETED ON 31 MAY 2022
    * LOGENTIA OY WILL BE REPORTED AS PART OF LEMONSOFT GROUP AS
OF 1
JUNE 2022
    * PURCHASE PRICE OF LOGENTIA OY'S ENTIRE SHARE CAPITAL IS
APPROXIMATELY EUR 7.8 MILLION
    * PURCHASE PRICE CONSISTS OF A DEBT-FREE ENTERPRISE VALUE OF
EUR
6.0 MILLION AND A NET CASH OF APPROXIMATELY EUR 1.8 MILLION
    * IN ADDITION, PARTIES HAVE AGREED ON AN ADDITIONAL PURCHASE
PRICE
BASED ON LOGENTIA OY'S FINANCIAL RESULTS FOR 2022-2023
    * ADDITIONAL PURCHASE PRICE AMOUNTS TO A MAXIMUM OF EUR 1.0
MILLION, AND IF REALIZED, WILL BE PAID ENTIRELY AS SHARE
CONSIDERATION BY END OF FEBRUARY 2024
    * LEMONSOFT OYJ ESTIMATES THAT NET SALES FOR FINANCIAL YEAR
2022
WILL INCREASE BY 26-32 PERCENT COMPARED TO FINANCIAL YEAR 2021,
AND THAT ADJUSTED EBIT WILL BE 30-35 PERCENT OF NET SALES IN
2022

Source text for Eikon:  ID:nMFN2RMVgg 
Further company coverage:  LEMON.HE 

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