Brief: Otovo To Acquire SST
27/05/2026 06:02
BRIEF-Otovo To Acquire SST May 27 (Reuters) - Otovo ASA OTOVO.OL:
TO ACQUIRE SST - SEVENTH ACQUISITION SINCE DECEMBER 2025
TRANSACTION EXPECTED TO COMPRISE OF (A) $0.77M CASH CONSIDERATION AT CLOSING
THREE YEAR EARN-OUT UP TO $1.3M BASED UPON NET INCOME TARGETS, PAYABLE IN CASH AND OTOVO SHARES
SST HAD REVENUE OF ABOUT $14M IN 2025, IMPLYING A MAXIMUM EV/REVENUE MULTIPLE OF 0.15X, ASSUMING FULL EARN-OUT
Source text: ID:nObiqDlCYa
Further company coverage: OTOVO.OL
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))