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Innofactor acquires Enabling Holding ApS in Denmark


Friday, 13 Dec 2013 07:30am EST 

Innofactor Plc:Says has signed a contract to purchase the entire share capital of Enabling Holding ApS and its subsidiaries from the company management.Says the final purchase price will depend on Enabling's realized EBITDA in 2014.Says the minimum purchase price is about 1.6 million euros and is payable in conjunction with the closing date of the deal (estimated by the end of Dec.).Says the maximum purchase price is about 4.0 million euros.Says about 0.04 million euros of the minimum purchase price will be paid in cash at the closing of the deal and the rest is intended to be paid with Innofactor's shares during Jan. 2014.Says the rest of the purchase price is intended to be paid with Innofactor's shares during H1 2015.Says the integration of Enabling and Innofactor operations will start at the beginning of Jan. 2014 and the goal is to implement the most significant parts during Q1 2014.Says in the future, Enabling’s services will be offered under the Innofactor brand.Says Enabling supplies IT consulting services and solutions in the field of SharePoint and other Microsoft-based products. 

Company Quote

1.09
-0.02 -1.80%
5:09am EST