Brief: Vitec Software Group Acquires Raisoft

Vitec Software AB (publ)

05/10/2022 08:31

Oct 5 (Reuters) - Vitec Software Group AB (publ)
 VITb.ST :
    * ACQUIRES SOFTWARE COMPANY OY RAISOFT LTD
    * STRENGTHENS ITS POSITION IN VERTICAL MARKET SOFTWARE BY
ACQUIRING ALL SHARES IN THE FINNISH SOFTWARE COMPANY OY RAISOFT
LTD
    * RAISOFT HAD SALES OF SEK 50.2 MILLION WITH AN EBIT RESULT
OF SEK
6.5 MILLION FOR THE FINANCIAL YEAR 2021
    * PAYMENT IS MADE IN CASH AND WITH A CONVERTIBLE DEBENTURE
WITH
DEVIATION FROM SHAREHOLDERS' PREFERENTIAL RIGHTS
    * ACQUISITION IS EXPECTED TO DIRECTLY RESULT IN AN INCREASE
IN
EARNINGS PER SHARE FOR VITEC. CONSOLIDATION TAKES PLACE FROM THE
DATE OF ACQUISITION

Source text for Eikon:  ID:nMFN5qqC2f 
Further company coverage:  VITb.ST 
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