Brief: Luna Innovations Acquires LIOS Sensing

Luna Innovations

14/03/2022 11:38

March 14 (Reuters) - Luna Innovations Inc  LUNA.O :
    * LUNA INNOVATIONS ACQUIRES LIOS SENSING
    * LUNA INNOVATIONS INC - IS ACQUIRING LIOS FOR EUR 20
MILLION,
APPROXIMATELY $22 MILLION IN USD
    * LUNA INNOVATIONS INC - TRANSACTION WAS FUNDED USING A
COMBINATION OF LUNA'S CASH POSITION AND ITS EXISTING REVOLVING
LINE OF CREDIT
    * LUNA INNOVATIONS INC - LIOS EMPLOYEES WILL REMAIN WITHIN
COMPANY, WITH OFFICES IN GERMANY AND UNITED STATES
    * LUNA INNOVATIONS - WILL BECOME A FULLY OWNED SUBSIDIARY OF
CO,
WHILE CONTINUING TO OPERATE UNDER ITS EXISTING BRAND FOR
FORESEEABLE FUTURE

Source text for Eikon:  ID:nBw2YfPQma 
Further company coverage:  LUNA.O 

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