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General

Pareteum buys Artilium for USD 104.7 mln

Thursday 7 June 2018 | 09:00 CET | News
MVNEs Pareteum (formerly Elephant Talk) has agreed to buy Artilium for 19.55 pence per share, or a total of GBP 78 million or USD 104.7 million. The company have been working together for years, agreeing on a formal partnership last year and combining cloud platforms in April. Now, each Artilium shareholder will get 0.1016 Pareteum shares and 1.9 UK pence in cash per Artilium share upon completion. Artilium CEO Bart Weijermars will become CEO of Pareteum Europe and Artilium, as wholly owned units of Pareteum. The transaction is expected to significantly add to Pareteum's adjusted earnings per

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Categories: General
Companies: Artilium / Pareteum
Countries: Benelux / World
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