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Intellecta acquires digital agency; gives FY 2014 revenue guidance


Wednesday, 11 Dec 2013 06:00am EST 

Intellecta AB:Says has acquired a 70 percent-stake in River Cresco AB, a digital services agency.Says acquisition price is maximum 40 million Swedish crowns.Says the price include cash consideration of 17 million Swedish crowns, equivalent of 5 million Swedish crowns paid in Intellecta's shares, and a variable component of about 18 million Swedish crowns depending on financial performance during 2014/2014 to be paid from 2015 to 2017.Says following the acquisition of River Cresco and the earlier announced acquisition of Propeople the company expects to report revenue of 380-420 million Swedish crowns in FY 2014. 

Company Quote

39.1
-0.9 -2.25%
25 Jul 2014