Brief: TagMaster Acquires Sensys Networks

TagMaster AB

03/05/2019 08:24

May 3 (Reuters) - TagMaster AB  TAGMb.ST :
    * TAGMASTER ACQUIRES SENSYS NETWORKS IN THE US
    * TAGMASTER ACQUIRES SENSYS NETWORKS IN THE US
    * PURCHASE PRICE IS USD 16 MILLION ON A DEBT FREE, CASH FREE
BASIS, WITH AN ADJUSTMENT OF NET WORKING CAPITAL AS OF CLOSING
DATE AGAINST A NORMALIZED NET WORKING CAPITAL
    * COMBINED ENTITY WILL HAVE ENHANCED SCALE AND REACH WITH
2018
PROFORMA REVENUE AND EBITDA OF SEK 326 MILLION AND SEK -2.7
MILLION RESPECTIVELY
    * ACQUISITION IS CONDITIONAL UPON FINANCING AND CUSTOMARY
CLOSING
CONDITIONS AND IS EXPECTED TO CLOSE DURING Q2 OF 2019.

Source text for Eikon:  ID:nWkr6CQCT5 
Further company coverage:  TAGMb.ST 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))