Brief: Vitec Acquires The Software Company DocuBizz

Vitec Software AB (publ)

21/01/2022 08:52

Jan 21 (Reuters) - Vitec Software Group AB (publ)  VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY DOCUBIZZ APS
    * ACQUIRING ALL SHARES IN DANISH SOFTWARE COMPANY DOCUBIZZ
APS
    * COMPANY REPORTED SALES OF SEK 27 MILLION, WITH AN EBITDA
OF SEK
6 MILLION FOR 2021 FINANCIAL YEAR
    * SOFTWARE COMPANY DOCUBIZZ DEVELOPS AND PROVIDES A SAAS
SOLUTION
THAT DIGITIZES AND AUTOMATES HANDLING OF ALL TYPES OF SUPPLIER
INVOICES
    * 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:nWkr7BPzFZ 
Further company coverage:  VITb.ST 

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