Brief: Proact Signs Agreement To Acquire sepago In Germany

Proact IT AB

21/06/2022 07:04

June 21 (Reuters) - Proact IT Group AB  PACT.ST :
    * PROACT HAS SIGNED AN AGREEMENT TO ACQUIRE SEPAGO IN
GERMANY AND
ACCELERATES ITS PUBLIC CLOUD CAPABILITIES
    * PURCHASE PRICE AMOUNTS TO EUR 12 MILLION IN BASE PRICE AND
AN
ADDITIONAL EUR 4 MILLION EARN-OUT, ON A CASH-FREE AND DEBT-FREE
BASIS
    * ACQUISITION IS EXPECTED TO CLOSE IN EARLY JULY
    * DEAL IS EXPECTED TO CONTRIBUTE TO APPROXIMATELY EUR 15
MILLION
IN INCREASED ANNUAL REVENUES FOR PROACT

Source text for Eikon:  ID:nWkr2wfg6r 
Further company coverage:  PACT.ST 

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