Brief: Vitec Acquires Swedish Software Company Appva AB

Vitec Software AB (publ)

17/06/2020 10:13

June 17 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * VITEC ACQUIRES THE SWEDISH SOFTWARE COMPANY APPVA AB
    * BY ACQUIRING ALL SHARES IN SWEDISH SOFTWARE COMPANY APPVA
AB.
    * PAYMENT WILL BE IN CASH AND WITH A CONVERTIBLE, WITH
DEVIATION
FROM SHAREHOLDERS' PREFERENTIAL RIGHTS IN ACCORDANCE WITH
AUTHORIZATION FROM ANNUAL GENERAL MEETING ON APRIL 10, 2019
    * APPVA AB REPORTED SALES OF SEK 22.9 MILLION, WITH AN
ADJUSTED
EBIT OF SEK 2.1 MILLION FOR 2019 FINANCIAL YEAR
    * APPVA CURRENTLY HAS OPERATIONS IN GOTHENBURG AND STOCKHOLM

Source text for Eikon:  ID:nWkr4jhbXZ 
Further company coverage:  VITb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))