Brief: NOTE Acquires British Company iPRO

Note AB (publ)

02/06/2021 07:05

June 2 (Reuters) - Note AB (publ)  NOTE.ST :
    * NOTE ACQUIRES BRITISH COMPANY IPRO
    * HAS ACQUIRED ALL SHARES IN UK BASED IPRO HOLDINGS LTD.
    * IPRO'S SALES DURING PAST 12 MONTHS AMOUNTED TO SEK 320
MILLION
WITH AN OPERATING MARGIN IN LINE WITH NOTE'S.
    * PURCHASE PRICE INITIALLY AMOUNTS TO GBP 7.0 MILLION ON A
DEBT-FREE BASIS AND MAY BE INCREASED BY AN ADDITIONAL PURCHASE
PRICE OF A MAXIMUM OF GBP 2.3 MILLION
    * PAYMENT OF PURCHASE PRICE IS MADE IN CASH BASED ON NOTE'S
STRONG
BALANCE SHEET.
    * FOLLOWING ACQUISITION, NOTE'S EQUITY/ASSETS RATIO AMOUNTS
TO
APPROXIMATELY 43%

Source text for Eikon:  ID:nWkr3MfqKR 
Further company coverage:  NOTE.ST 

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