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Technopolis Oyj to Acquire Campus in Vilnius and Upgrade FY 2013 Net Sales and EBITDA Guidance Subject to Closing of Acquisition


Friday, 15 Mar 2013 04:20am EDT 

Technopolis Oyj announced that the Company has signed a deal to acquire a new office campus in Vilnius, Lithuania. The acquisition is in line with Technopolis’ international growth strategy, which is focused on the Nordic-Baltic region. The purchase price which includes the completion of the third building is EUR 61.0 million. The Company expects to close the deal by May 1, 2013. Subject to the successful closing of the deal, Technopolis will upgrade its financial guidance for net sales and EBITDA growth from 9-12% to 14-17% for the fiscal year 2013. 

Company Quote

4.2
0.01 +0.24%
17 Apr 2014