Deal Snapshot
Gresham Technologies Acquires Inforalgo Information Technology for GBP 3.6m
Friday 31 July 2020

UK software and services company Gresham Technologies plc (LSE: GHT) has completed the acquisition of the entire issued share capital of Inforalgo Information Technology Ltd. for a total consideration of up to GBP 3.6m (USD 4.72m), the company said.

The GBP 3.6m consideration is comprised of an initial consideration of GBP 2.3m (USD 3m) and deferred consideration of up to GBP 1.3m (USD 1.7m). The initial consideration of GBP 2.3m is being satisfied in cash from Gresham's existing reserves, which includes full settlement of selling shareholder loans and trading balances.


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Details
Date Published: 31/07/2020

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