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BRIEF-SQS Software Quality Systems acquires Double Consulting S.r.l.
September 29, 2017 / 11:55 AM / 25 days ago

BRIEF-SQS Software Quality Systems acquires Double Consulting S.r.l.

Sept 29 (Reuters) - SQS SOFTWARE QUALITY SYSTEMS AG :

* ACQUISITION OF DOUBLE CONSULTING S.R.L.

* ‍VALUATION OF EUR 10.5 MILLION​

* ‍CONSIDERATION FOR ACQUISITION WILL BE ENTIRELY FUNDED FROM COMPANY‘S EXISTING CASH RESERVES​

* ‍SQS WILL ACQUIRE 51% OF SHARE CAPITAL OF DOUBLE CONSULTING FROM SELLING SHAREHOLDERS ON 3 OCTOBER 2017​

* ‍SQS WILL ACQUIRE A FURTHER 39% OF SHARE CAPITAL OF DOUBLE CONSULTING BY 31 MARCH 2018​

* ‍ONE SELLING SHAREHOLDER WILL RETAIN A 10% STAKE​ Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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