Brief: Vitec Acquires M&V Software

Vitec Software AB (publ)

12/12/2019 09:21

Dec 12 (Reuters) - Vitec Software Group AB (publ)  VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY M&V SOFTWARE OY
    * BUYS M&V SOFTWARE OY WITH SALES FOR FY 2019 EXPECTED AT
SEK 19.0
MILLION, ADJUSTED EBITDA AT SEK 4.6 MILLION
    * PAYMENT IS IN CASH
    * CONSOLIDATION IS FROM ACQUISITION DATE AND COMPANY WILL BE
INCLUDED IN SEGMENT HEALTH AND EDUCATION
    * ACQUISITION IS EXPECTED TO DIRECTLY RESULT IN AN INCREASE
IN
EARNINGS PER SHARE FOR VITEC
    * WILL BE STRENGTHENING ITS POSITION IN NORDIC MARKET FOR
VERTICAL
MARKET SOFTWARE, THROUGH ACQUISITION OF ALL SHARES IN FINNISH
SOFTWARE COMPANY, M&V SOFTWARE OY

Source text for Eikon:  ID:nWkr3LbHZV 
Further company coverage:  VITb.ST 

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