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TECH - Techstep ASA News Story

NOK4.96 0.0  0.8%

Last Trade - 08/01/21

Sector
Technology
Size
Small Cap
Market Cap £69.4m
Enterprise Value £70.5m
Revenue £92.7m
Position in Universe 961st / 1874

BRIEF-Techstep announces its third acquisition in Sweden in 2017

Tue 15th August, 2017 11:45am
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) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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