Brief: Netmore Group Signs Agreement To Acquire Bredbandsson

Netmore AB

03/02/2020 10:47

Feb 3 (Reuters) - Netmore Group AB  NETMb.ST :
    * NETMORE GROUP AB (PUBL) WILL ACQUIRE BREDBANDSSON AB
    * NETMORE GROUP AB HAS SIGNED AN AGREEMENT TO ACQUIRE 100%
OF
SHARES IN LANDSKRONA-BASED BREDBANDSSON AB
    * BREDBANDSSON'S OPERATION, WITH BOTH PRIVATE AND CORPORATE
CUSTOMERS, BRING IN ANNUAL NET SALES OF AROUND SEK 22 MILLION,
    * NETMORE GROUP WILL TAKE OVER BREDBANDSSON BY END OF MARCH
2020
AT LATEST
    * ACCESS IS EXPECTED TO TAKE PLACE NO LATER THAN MARCH 2020
    * THROUGH ACQUISITION, NETMORE WILL INCREASE ITS CUSTOMER
BASE AND
STRENGTHEN ITS NETWORK AND PRODUCTION ENVIRONMENT FOR EXPANSION
IN SWEDEN AND GLOBALLY
    * BREDBANDSSON'S OPERATION, WITH BOTH PRIVATE AND CORPORATE
CUSTOMERS, BRING IN ANNUAL NET SALES OF AROUND SEK 22 MILLION,
WITH A POSITIVE RESULT
    * NETMORE GROUP AB HAS SIGNED AN AGREEMENT TO ACQUIRE 100%
OF
SHARES IN LANDSKRONA-BASED BREDBANDSSON AB FOR A PURCHASE PRICE
OF SEK 22.5 MILLION

Source text for Eikon:  ID:nWkr1WyCdw 
Further company coverage:  NETMb.ST 

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