Brief: Talenom Reinforces Its Business In Sweden And Buys Frivision

Talenom

01/09/2020 10:03

Sept 1 (Reuters) - Talenom Oyj  TNOM.HE :
    * REG-TALENOM REINFORCES ITS BUSINESS IN SWEDEN AND EXPANDS
TO
GOTHENBURG AND MALMÖ WITH THE ACQUISITION OF FRIVISION AB, A
COMPANY FOCUSING ON SMALL CUSTOMER SEGMENT
    * FRIVISION NET SALES IN ACCOUNTING PERIOD THAT ENDED ON 30
APRIL
2020 AMOUNTED TO SEK 15.1 MILLION
    * TRANSACTION PRICE IS SEK 15.1 MILLION
    * SEK 7.55 MILLION (EUR 0.7 MILLION) WILL BE PAID IN FORM OF
NEW
SHARES IN TALENOM PL
    * REMAINDER OF TRANSACTION PRICE WILL BE PAID IN CASH
    * SELLER HAS OPPORTUNITY TO RECEIVE AN ADDITIONAL PURCHASE
PRICE
OF SEK 6.4 MILLION AT MAXIMUM IF TARGETS OF  ACQUIRED BUSINESS
ARE REACHED

Source text for Eikon:  ID:nGNE6hFbbX 
Further company coverage:  TNOM.HE 

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