Brief: Prodways Group Acquires 100% Of Auditech Innovations

Prodways SA

06/07/2022 08:16

July 6 (Reuters) - Prodways Group SA  PWG.PA :
    * PRODWAYS GROUP ACCELERATES THE DEVELOPMENT OF ITS
AUDIOLOGY
BUSINESS WITH THE ACQUISITION OF AUDITECH INNOVATIONS
    * ANNOUNCES ACQUISITION OF 100% OF AUDITECH INNOVATIONS
    * AUDITECH INNOVATIONS HAS SALES OF APPROXIMATELY EUR3
MILLION IN
2021 WITH AN OPERATING MARGIN SIMILAR TO THAT OF PRODWAYS GROUP
    * THIS TRANSACTION IS FINANCED USING PRODWAYS GROUP'S
AVAILABLE
CASH, WHICH AMOUNTED TO EUR17 MILLION AT END OF 2021

Source text for Eikon:  ID:nACT75373 
Further company coverage:  PWG.PA 

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