Brief: Vitec Acquires The Software Company Vabi In The Netherlands

Vitec Software AB (publ)

10/09/2021 08:51

Vitec Software Group AB (publ)  VITb.ST :
    * VITEC ACQUIRES THE SOFTWARE COMPANY VABI IN THE
NETHERLANDS
    * VITEC ACQUIRES THE SOFTWARE COMPANY VABI IN THE
NETHERLANDS
    * VITEC SOFTWARE GROUP AB (PUBL) - PAYMENT WILL BE IN CASH
    * VITEC SOFTWARE GROUP AB (PUBL) - ACQUISITION IS EXPECTED
TO
YIELD AN IMMEDIATE INCREASE IN EARNINGS PER SHARE FOR VITEC
    * VITEC SOFTWARE GROUP AB (PUBL) - CONSOLIDATION WILL
COMMENCE AS
OF ACQUISITION DATE.
    * VITEC - VABI REPORTED SALES OF EUR 6.8 MILLION, EBITDA
RESULT OF
EUR 4.25 MILLION FOR 2020 FINANCIAL YEAR

Source text for Eikon:  ID:nWkr3mfktH 
Further company coverage:  VITb.ST