Brief: Neovici Acquires Iot Company Wraptech
Dec 20 (Reuters) - Neovici Holding AB (publ) NEOb.ST :
* ACQUIRES IOT COMPANY WRAPTECH AND STRENGTHENS ITS FOCUS ON RETAIL
* INITIAL PURCHASE PRICE FOR WRAPTECH ACQUISITION IS SEK 5 MILLION
* AGREEMENT INCLUDES PERFORMANCE-BASED PAYMENT OF UP TO SEK 32 MLN IF CERTAIN PREDETERMINED
TARGETS ARE ACHIEVED
Source text: ID:nMFNbVDdxN
Further company coverage: NEOb.ST
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