Brief: Vontier Announces Divestiture Of Global Traffic Technologies

Vontier

17/04/2023 12:22

April 17 (Reuters) - Vontier Corp  VNT.N :
    * VONTIER ANNOUNCES DIVESTITURE OF GLOBAL TRAFFIC
TECHNOLOGIES
    * VONTIER CORP - PROPOSED DEAL FOR $107 MILLION
    * VONTIER CORP - FINANCIAL RESULTS FOR GTT BUSINESS WILL BE
INCLUDED IN VONTIER'S FINANCIALS FOR FULL QUARTER ENDING MARCH
31, 2023
    * VONTIER CORP - EXPECT TO DEPLOY NET PROCEEDS TOWARD FUTURE
DEBT
REDUCTION AND SHARE REPURCHASE
    * VONTIER CORP - SALE OF GLOBAL TRAFFIC TECHNOLOGIES, LLC
BUSINESS
TO MIOVISION FOR $107 MILLION, REPRESENTING A TRANSACTION VALUE
OF ABOUT 10X 2022 EBITDA

Source text for Eikon:  ID:nBw2fGqYKa 
Further company coverage:  VNT.N 

 ((Reuters.Briefs@thomsonreuters.com;))