Brief: Vitec Acquires Swedish Software Company Travelize International AB

Vitec Software AB (publ)

03/02/2021 09:46

Feb 3 (Reuters) - Vitec Software Group AB (publ)  VITb.ST :
    * VITEC ACQUIRES THE SWEDISH SOFTWARE COMPANY TRAVELIZE
INTERNATIONAL AB
    * VITEC ACQUIRES THE SWEDISH SOFTWARE COMPANY TRAVELIZE
INTERNATIONAL AB
    * ACQUIRING ALL SHARES IN SWEDISH SOFTWARE COMPANY TRAVELIZE
INTERNATIONAL AB, WITH SUBSIDIARY
    * TRAVELIZE REPORTED SALES OF SEK 17.1 MILLION, WITH AN
ADJUSTED
EBITDA OF SEK 4.1 MILLION FOR 2020 FINANCIAL YEAR
    * PAYMENT IS 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:nWkr29NCLk 
Further company coverage:  VITb.ST 

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