Formpipe acquires the British company EFS
Formpipe acquires EFS Technology Ltd. (EFS), which for many years has been a successful sales partner for Formpipe's Lasernet product. With the deal, Formpipe is increasing its capacity to build a larger network of competent partners in the private sector. EFS revenue for 2019 amounted to GBP 3.4 million. Formpipe acquires 100% of the shares in EFS. The acquisition is expected to be completed by July 31. The purchase price amounts to GBP 6 million (equivalent to an estimated Enterprise Value of approximately GBP 5 million), which is paid in connection with the takeover and is financed