Brief: Jays Group Acquires Danish Audio Brand Clint

Northbaze AB

21/02/2019 07:32

Feb 21 (Reuters) - Jays Group AB  JAYS.ST :
    * REG-JAYS GROUP AB ACQUIRES THE DANISH AWARD-WINNING AUDIO
BRAND
CLINT® TO EXPAND INTO CONNECTED AUDIO AND MULTIROOM & SMART
SPEAKERS
    * AT CLOSING JAYS WILL PAY A FIXED PURCHASE PRICE OF 750 000
SEK
FOR ALL CLINT® ACTIVITIES INCLUDING IPR RIGHTS, TOOLING AND
INVENTORY ETC
    * CLOSING IS PLANNED TO 28 (TH)OF FEBRUARY 2019
    * JAYS FORECAST SALES REVENUE OF CLINT® ACTIVITIES TO
BETWEEN 9 -
18 MSEK PER ANNUM 2019-2020 WITH A POSITIVE EBITDA RESULT

Source text for Eikon:  ID:nGNE458gB6 
Further company coverage:  JAYS.ST 

 (Gdynia Newsroom)
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