Pursuant to such binding agreement between NETCOMPANY and INTRACOM TECHNOLOGIES, NETCOMPANY shall acquire the entire outstanding share capital in INTRASOFT INTERNATIONAL out of which percentage of 91,74 % is currently held by INTRACOM TECHNOLOGIES S.a.r.l, whereas the remaining percentage is held by individuals in the top and middle management of INTRASOFT INTERNATIONAL.
The transaction value is € 235 million for the acquisition of the entire outstanding share capital of INTRASOFT INTERNATIONAL and the purchase price which amounts to € 184,8 million comprises a combination of cash and share consideration by the acquiring company.
More specifically, for the acquisition of the entire outstanding share capital of INTRASOFT INTERNATIONAL, the agreement provides for a cash payment of € 166,8 million and a share consideration in NETCOMPANY’s shares corresponding to a value of € 18 million.
Completion of the transaction is expected within Q4 2021, and is subject to anticipated conditions precedent and necessary approvals.
