Brief: Sidetrade Acquires Amalto For 16 Million Dollars

SideTrade SA

06/04/2021 16:35

April 6 (Reuters) - SIDETRADE SA  ALBFR.PA :
    * ACCRETIVE ACQUISITION OF AMALTO FOR $16 MILLION
    * PLANS TO FINANCE OPERATION THROUGH BANK DEBT, TO PRESERVE
CASH
FOR OTHER POSSIBLE ACQUISITIONS
    * ACQUISITION WILL PROVIDE SYNERGY WITH CO'S ORDER-TO-CASH
OFFER,
ACCELERATE PENETRATION OF NORTH AMERICAN MARKET
    * FINAL COMPLETION OF THIS ACQUISITION WILL TAKE PLACE
BEFORE
APRIL 18
    * WITH OPERATION, SIDETRADE COULD EARN 20% OF INCOME IN
NORTH
AMERICA, AS EARLY AS NEXT YEAR
    * IN 2020, AMALTO HAD REVENUES OF $4.3 MILLION WITH EBITDA
ABOVE
20%
    * CURRENT CASH POSITION IS EUR 24 MILLION, INCLUDING
TREASURY
STOCK

Source text for Eikon:  ID:nGNE7gGvVc 
Further company coverage:  ALBFR.PA 

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