Brief: Tecnotree Advances To Acquire Top AIML Platform

Tecnotree Oyj

09/12/2022 10:44

Dec 9 (Reuters) - Tecnotree Oyj  TEM1V.HE :
    * TECNOTREE ADVANCES TO ACQUIRE TOP AIML PLATFORM -
COGNITIVESCALE
IN NORTH AMERICA TO FURTHER ENHANCE 5G USE CASE PENETRATION
    * TECNOTREE EXPECTS THAT THIS TRANSACTION IS LIKELY TO
ENHANCE ARR
REVENUE BY AN ADDITIONAL 5M EUROS IN 2023
    * PARTIES EXPECT TO CONCLUDE POTENTIAL TRANSACTION WITHIN
2022
SUBJECT TO COMPLETION OF CONDITIONS PRECEDENT TO CLOSING A
BINDING AGREEMENT WHICH INCLUDES CORPORATE, GOVERNMENTAL AND
CONTRACTUAL APPROVALS
    * TECNOTREE WILL PROVIDE FURTHER INFORMATION ON FINANCIAL
IMPACT
OF THIS ACQUISITION WHEN PROVIDING 2023 GUIDANCE
    * TECNOTREE AND CS WILL DECIDE ON AN APPROPRIATE TRANSACTION
STRUCTURE PRIOR TO CLOSING
    * CONTINUES TO MAINTAIN CURRENT GUIDANCE FOR 2022
    * TECNOTREE CONTINUES TO MAINTAIN CURRENT GUIDANCE FOR 2022

Source text for Eikon:  ID:nWkrbDf3Dq 
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