Brief: Prodways expects 2018 revenue growth of c. 50 million euros after Avenao's acquisition

Prodways SA

03/11/2017 17:30

Nov 3 (Reuters) - PRODWAYS GROUP SA  PWG.PA :  
    * ANNOUNCES THE COMPLETION OF THE ACQUISITION OF AVENAO 
    * AVENAO WILL BE CONSOLIDATED WITHIN THE SYSTEMS DIVISION 
AND 
SHOULD CONTRIBUTE AT LEAST 10 MILLION TO GROUP'S REVENUE IN 
2018 
    * ISSUES 992,586 NEW SHARES IN PAYMENT OF PART OF THE 
TRANSACTION 
    * TOTAL CAPITAL INCREASE OF EUR 5,995,219.44 
    * EXPECTS GROUP TO SEE STRONG REVENUE GROWTH REACHING AROUND 
50 
MILLION IN 2018 
 
Source text for Eikon:  urn:newsml:reuters.com:*:nNDL7RpbN 
Further company coverage:  PWG.PA  
 
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