Brief: Sapiens Acquires Spain-Based Cálculo

Sapiens International NV

10/10/2019 15:30

Oct 10 (Reuters) - Sapiens International Corporation NV
 SPNS.O :
    * SAPIENS ACQUIRES SPAIN-BASED CÁLCULO TO SUPPORT ITS
PENETRATION
OF THE IBERIAN MARKET
    * TRANSACTION IS EXPECTED TO BE ACCRETIVE TO PROFITS BY THE
END OF
2020-SEC FILING
    * WILL CONTINUE TO INVEST IN CALCULO’S PRODUCTS, WHILE
OFFERING
SAPIENS’ PRODUCTS BASED ON MARKET SEGMENT AND DIFFERENT TIERS
    * WILL PAY CASH CONSIDERATION FOR CÁLCULO BASED ON VALUATION
OF
LESS THAN ONE TIME REVENUES

Source text for Eikon: (https://bit.ly/33bPriq)
Further company coverage:  SPNS.O 

 ((Reuters.Briefs@thomsonreuters.com;))