Brief: Vitec Acquires Swedish Software Company Nordman & Co

Vitec Software AB (publ)

26/04/2021 09:17

April 26 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * VITEC ACQUIRES THE SWEDISH SOFTWARE COMPANY NORDMAN & CO
AB
    * COMPANY REPORTED SALES OF SEK 20.2 MILLION, WITH AN EBIT
OF SEK
3.8 MILLION FOR 2019/2020 FINANCIAL YEAR.
    * PAYMENT WILL BE IN CASH AND WITH A CONVERTIBLE, WITH
DEVIATION
FROM SHAREHOLDERS' PREFERENTIAL RIGHTS IN ACCORDANCE WITH
AUTHORIZATION FROM ANNUAL GENERAL MEETING ON JUNE 23, 2020
    * ACQUISITION IS EXPECTED TO YIELD AN IMMEDIATE INCREASE IN
EARNINGS PER SHARE FOR VITEC. CONSOLIDATION WILL COMMENCE AS OF
ACQUISITION DATE

Source text for Eikon:  ID:nWkr24N9Zx 
Further company coverage:  VITb.ST 

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