CYBER1 ENTERS EXCLUSIVE AGREEMENT TO ACQUIRE INFONET, A LEADING CYBER SECURITY BUSINESS IN TURKEY
· CYBER1 to acquire 100% of INFONET, subject to contract · INFONET is a leader in the provision of cyber resilient products and solutions in the Turkish market · 2017 revenues exceed $24m* with EBITDA of $1.6m* · Consideration $14m comprising $2.8m cash and $11.2m CYB1 shares * Figures rounded to nearest whole numberCyber Security 1 AB (publ) (“CYBER1”), (Nasdaq:CYB1, OTCQX:CYBNY), a leading supplier of cyber security solutions with operations in Europe, Africa and the Middle East, has signed an exclusive agreement with Turkish based INFONET to