Brief: TagMaster Acquires Quercus Technologies

TagMaster AB

28/11/2024 13:12

Nov 28 (Reuters) - TagMaster AB  TAGMb.ST :
    * TAGMASTER ACQUIRES QUERCUS TECHNOLOGIES – AN INTERNATIONAL
SUPPLIER OF DIGITAL SOLUTIONS TO THE PARKING INDUSTRY
    * ACQUIRES 92.5% OF QUERCUS TECHNOLOGIES
    * PURCHASE PRICE € 5.5 MILLION
    * ACQUISITION FUNDED BY CASH AND € 4 MILLION BANK DEBT
    * ON TOP OF PURCHASE PRICE DEFERRED PAYMENT € 0.45 MILLION
TO BE
PAID IN 2028, EARN-OUT UP TO € 1 MILLION

Source text:  ID:nMFN4NP6lp 
Further company coverage:  TAGMb.ST 

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