Brief: TPS buys 70 pct stake in Stemar Consulting

Technical Publications Service SpA

22/06/2017 08:33

June 22 (Reuters) - TECHNICAL PUBLICATIONS SERVICE SPA  TPSG.MI : 
    * SIGNS BINDING AGREEMENT TO BUY 70 PERCENT STAKE IN STEMAR CONSULTING FOR EUR 700,000 
    * ACQUISITION AGREEMENT ENVISAGES EARN OUT OF EUR 65,000 PER YEAR IN RELATION TO THE 
ACHIEVEMENT OF TURNOVER TARGETS FOR FY 2018, 2019 AND 2020 
    * STEMAR CONSULTING IS ACTIVE IN THE FIELD OF COST ENGINEERING FOR AUTOMOTIVE AND AEROSPACE 
SECTORS 
 
Source text for Eikon:  ID:nBIA4MpfH3  
Further company coverage:  TPSG.MI  
 
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