Brief: Tecsys Continues European Expansion With Acquisition Of Pcsys A/S

Tecsys

01/02/2019 09:16

Feb 1 (Reuters) - Tecsys Inc  TCS.TO :
    * TECSYS CONTINUES EUROPEAN EXPANSION WITH ACQUISITION OF
PCSYS
A/S
    * PURCHASED 100% OF SHARES OF PCSYS FOR AN AGGREGATE
PURCHASE
PRICE OF DKK 67.0 MILLION (APPROXIMATELY C$13.7 MILLION),
SUBJECT TO ADJUSTMENTS
    * TECSYS FUNDED PURCHASE PRICE WITH A BANK TERM LOAN OF
C$12.0
MILLION AND EXISTING CASH
    * TECSYS EXPECTS ACQUISITION TO BE IMMEDIATELY ACCRETIVE TO
OPERATING PROFIT, BASED ON PCSYS' HISTORICAL FINANCIAL RESULTS

Source text for Eikon:  ID:nGNX6hnGPH 
Further company coverage:  TCS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))