Brief: Net Insight To Divest Its ScheduALL Business

Net Insight AB

24/02/2021 14:02

Feb 24 (Reuters) - Net Insight AB  NETIb.ST :
    * NET INSIGHT TO DIVEST ITS SCHEDUALL BUSINESS
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN COMING WEEKS.
    * TRANSACTION VALUED AT USD 6 MILLION.
    * SIGNED AN AGREEMENT TO DIVEST ITS RESOURCE OPTIMIZATION
BUSINESS
AREA, DOING BUSINESS AS "SCHEDUALL" TO XYTECH SYSTEMS
CORPORATION ("XYTECH") IN A TRANSACTION VALUED AT USD 6 MILLION
    * NET INSIGHT HAS TODAY SIGNED AN AGREEMENT TO DIVEST ITS
RESOURCE
OPTIMIZATION BUSINESS AREA, DOING BUSINESS AS "SCHEDUALL" TO
XYTECH SYSTEMS CORPORATION
    * TRANSACTION IS EXPECTED TO BE COMPLETED IN COMING WEEKS.
    * TRANSACTION WILL HAVE A POSITIVE NET EARNINGS EFFECT ON
GROUP
LEVEL OF ESTIMATED SEK 35-45 MILLION.
    * EXACT AMOUNT WILL BE DETERMINED AT DEAL CLOSING.
    * TRANSACTION WILL HAVE A POSITIVE NET EARNINGS EFFECT ON
GROUP
LEVEL OF ESTIMATED SEK 35-45 MILLION

Source text for Eikon:  ID:nMFN9vw5K 
Further company coverage:  NETIb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))