Brief: Rekor Systems Inc To Acquire Southern Traffic Services
16/05/2022 13:30
May 16 (Reuters) - Rekor Systems Inc REKR.O :
* REKOR SYSTEMS INC - TO ACQUIRE SOUTHERN TRAFFIC SERVICES
(STS)
* REKOR SYSTEMS INC - WILL ACQUIRE STS FOR A TOTAL PURCHASE
PRICE
OF UP TO $14.5 MILLION
* REKOR SYSTEMS INC - ACQUISITION WILL BE FUNDED THROUGH A
COMBINATION OF CASH, STOCK, AND SELLER NOTES
* REKOR SYSTEMS INC - FOR FISCAL YEAR 2022, EXPECTS STS TO
GENERATE $15 MILLION OF REVENUE
Further company coverage: REKR.O
((Reuters.Briefs@thomsonreuters.com;))
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