Brief: Shape Robotics Acquires Video Technic Systems

Shape Robotics A/S

19/08/2022 09:32

Aug 19 (Reuters) - Shape Robotics A/S  SHAPE.CO :
    * ACQUISITION OF VIDEO TECHNIC SYSTEMS
    * HAS TODAY SIGNED A HEADS OF TERMS TO ACQUIRE ALL SHARES IN
ROMANIAN TECHNOLOGY COMPANY VIDEO TECHNIC SYSTEMS
    * DEFINITIVE AGREEMENT IS EXPECTED TO BE SIGNED BEFORE
SEPTEMBER
9TH, 2022
    * PURCHASE PRICE AMOUNTS TO APPROXIMATELY EUR 1.25 M
    * VIDEO TECHNIC SYSTEMS HAS 12 EMPLOYEES AND HAD A TURNOVER
OF
ALMOST EQUIVALENT OF DKK 27 M IN 2021 WITH A PROFIT OF MORE THAN
DKK 1 M

Source text for Eikon:  ID:nWkr6pq1St 
Further company coverage:  SHAPE.CO 

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