Brief: Quest Holdings Acquires 60% Of Intelli Solutions For EUR 3.8 Million

Quest Holdings SA

23/07/2021 15:43

July 23 (Reuters) - Quest Holdings SA  IQTr.AT :
    * SUBSIDIARY UNI SYSTEMS ACQUIRES 60% OF INTELLI SOLUTIONS
    * TRANSACTION AMOUNT IS EUR 3.8 MILLION CONSISTING OF BOTH
SHARE
BUYOUT AND CAPITAL RAISE
    * TOTAL INVESTMENT MAY REACH EUR 5.2 MILLION DURING THE NEXT
TWO
YEARS DUE TO PROVISIONS FOR EXTRA REIMBURSEMENT OF THE OLD
SHAREHOLDERS
    * INVESTMENT IS ESTIMATED TO CONTRIBUTE NEAR EUR 3.5 MILLION
EXTRA
REVENUES TO QUEST GROUP ON AN ANNUAL BASIS AT AN EBITDA MARGIN
OF NEAR 30%


Further company coverage:  IQTr.AT 

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