Brief: Yoc Acquires Company In Switzerland

Yoc AG

26/01/2022 11:34

Jan 26 (Reuters) - YOC AG  YOCG.DE :
    * EXPANDS INTO THE SWISS MARKET THROUGH ACQUISITION
    * ANNOUNCES ACQUISITION OF 100 PERCENT OF SHARES OF
THEINDUSTRY
AG, ZURICH, SWITZERLAND
    * PURCHASE PRICE IS DIVIDED INTO A FIXED COMPONENT OF CHF
0.4
MILLION
    * PURCHASE PRICE IS DIVIDED INTO A FIXED COMPONENT OF CHF
0.4
MILLION AND FURTHER VARIABLE PERFORMANCE-RELATED COMPONENTS,
WHICH ARE DEPENDENT ON OPERATING RESULTS OF THEINDUSTRY AG IN
FINANCIAL YEARS 2022 TO 2024
    * PURCHASE PRICE COMPONENTS WILL BE FULLY FINANCED FROM
OPERATING
CASH FLOW OF YOC AG
    * WILL TAKE INTO ACCOUNT AND COMMUNICATE EFFECTS OF
ACQUISITION OF
THEINDUSTRY AG ACCORDINGLY IN CONTEXT OF YOC AG'S REVENUE AND
EARNINGS FORECAST FOR CURRENT FINANCIAL YEAR 2022

Source text for Eikon:  ID:nEQcgxqqka 
Further company coverage:  YOCG.DE 

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