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Vitec acquires software company in Finland


Friday, 20 Dec 2013 06:00am EST 

Vitec Software Group publ AB:Says has signed an agreement to acquire 100% of shares in Acute FDS Oy.Says purchase price will be paid in cash and will equal six times EBITDA reported for the fiscal year ending Feb. 28, 2014.Says Acute's FY 2013/2013 EBITDA is expected to reach 1 million euros.Says the purchase price cannot exceed 12 million euros.Acute FDS Oy is a Finnish software company with SaaS offering for electronic records management within health care in Finland. 

Company Quote

142.0
-2.0 -1.39%
15 Sep 2014