Brief: Mapspeople To Acquire Activities From Point Inside Inc.

MapsPeople A/S

19/04/2023 07:04

April 19 (Reuters) - Mapspeople A/S  MAPSP.CO :
    * MAPSPEOPLE TO ACQUIRE ACTIVITIES FROM POINT INSIDE INC.
    * HAS REACHED AN AGREEMENT TO ACQUIRE ALL OF US BASED POINT
INSIDE'S, INC (POINT INSIDE) CUSTOMER CONTRACTS AND INDOOR
MAPPING ASSETS IN AN ACQUISITION
    * TRANSACTION IS EXPECTED TO HAVE A CONTRIBUTION TO
MAPSPEOPLE'S
ARR OF DKK 8M, A CONTRIBUTION ON REVENUES IN 2023 OF DKK 4-5M
(ANNUALIZED IMPACT OF DKK 8M)
    * TRANSACTION IS EXPECTED TO HAVE A POSITIVE IMPACT ON
MAPSPEOPLE'S CASH FLOW FROM OPERATIONS ALREADY IN 2023
    * CLOSING OF ACQUISITION IS EXPECTED TO BE COMPLETED IN
APRIL 2023
    * ARR GUIDANCE FOR 2023 REMAINS UNCHANGED IN RANGE OF DKK
77-87M
AND CARR IN RANGE OF DKK 105-115M.
    * TRANSACTION VALUES ACQUIRED CONTRACTS AND ASSETS AT DKK
19.517.644 (CORRESPONDING TO A MULTIPLE OF 2.5 TIMES ARR)
    * TRANSACTION IS EXPECTED TO HAVE A POSITIVE IMPACT ON 2023
EBITDA
OF DKK 2-3M (ANNUALIZED DKK 4M)

Source text for Eikon:  ID:nWkr3WrrnR 
Further company coverage:  MAPSP.CO 

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