Brief: Techstep announces its third acquisition in Sweden in 2017

Techstep ASA

15/08/2017 11:45

Aug 15 (Reuters) - TECHSTEP ASA  TECHS.OL : 
    * TECHSTEP ANNOUNCES ITS THIRD ACQUISITION IN SWEDEN IN 
2017\, COMPLEMENTING 
    * ENTERED INTO A BINDING AGREEMENT TO ACQUIRE 51% OF 
CONNEQTED 365 AB FOR AN AGGREGATED PURCHASE PRICE OF SEK 3.5 
MILLION 
    * AGREEMENT INCLUDES AN OPTION FOR TECHSTEP TO ACQUIRE 
REMAINING 49% OF SHARES 
    * PURCHASE PRICE PAYABLE AT CLOSING OF SEK 3.5 MILLION WILL 
BE SETTLED BY SEK 2.3 MILLION IN CASH AND SEK 1.2 MILLION IN 
TECHSTEP SHARES 
    * CLOSING OF ACQUISITION IS SUBJECT TO CUSTOMARY CONDITIONS 
AND IS EXPECTED TO TAKE PLACE AT END OF AUGUST 2017 
 
Source text for Eikon:  ID:nObiDT5fSa  
Further company coverage:  TECHS.OL  
 
 (Gdynia Newsroom) 
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