Brief: SDS Enters Into Conditional Agreement To Acquire Riaktr

Seamless Distribution Systems AB

18/03/2021 08:37

March 18 (Reuters) - Seamless Distribution Systems AB (publ)
 SDSY.ST :
    * SAID ON WEDNESDAY SDS HAS ENTERED INTO A CONDITIONAL
AGREEMENT
TO ACQUIRE RIAKTR, A GLOBAL SUPPLIER OF ANALYTIC SOFTWARE
SOLUTIONS
    * PURCHASE PRICE ON A CASH AND DEBT-FREE BASIS AMOUNTS TO
EUR 10.4
MLN
    * ENTERED INTO AN AGREEMENT TO ACQUIRE 100% OF THE SHARES IN
REAL
IMPACT ANALYTICS S.A. 
    * COMPLETION OF THE ACQUISITION IS EXPECTED TO TAKE PLACE NO
LATER
THAN MAY 3, 2021
    * SELLERS ARE RIAKTR'S FOUNDERS (MANAGEMENT, EMPLOYEES AND
EARLY
INVESTORS) AND THREE EUROPEAN FUNDS
    * IN CONNECTION WITH ACQUISITION, SDS MANDATED PARETO
SECURITIES
TO INVESTIGATE POSSIBILITY OF ISSUING A SECURED BOND LOAN WITH
AN EXPECTED MATURITY OF THREE YEARS AND AN INITIAL VOLUME OF SEK
200 MILLION
    * IN CONNECTION WITH, AND IN SUPPORT OF THIS TRANSACTION,
EXISTING
SHAREHOLDER LOANS OF SEK 44.2 MILLION WILL BE CONVERTED INTO
SHARES
    * MANAGEMENT OF SDS EXPECTS THAT THE ACQUISITION OF RIAKTR
CAN
LEAD TO INCREASED MARGINS AND THAT BOTH EBITDA AND EPS WILL
IMPROVE FOR THE GROUP IN THE SHORT TERM

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBQN9TPcPm
    
 Further company coverage:  SDSY.ST  
   


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