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General

Artilium announces acquisition of Comsys Telecom

Friday 25 September 2015 | 11:07 CET | News
Telecoms software provider Artilium has acquired the entire issued share capital of Netherlands-based Comsys Telecom & Media, an interactive telephony services provider, and its subsidiaries. Artilium will pay an initial consideration of GBP 3.41 million for Comsys that will be satisfied by the issue of 59.33 million new shares of 5 pence each, and up to a maximum of a further 41.89 million ordinary shares dependent on Comsys achieving certain revenue and gross margin targets over the next three financial years. Comsys generated revenue of EUR 1.74 million and EBITDA of EUR 74,000 in 2014.

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Categories: General
Companies: Artilium / Comsys
Countries: Netherlands / World
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