SpectrumOne announces today the acquisition of the data company Å-data Infosystem AB
SpectrumOne announces today the acquisition of the data company Å-data Infosystem AB, a company with a strong positive cashflow and that has made profit every year the last decade. The purchase price is SEK 10,000,000 and is paid via shares in SpectrumOne AB, with no additional share issue to current shareholders. Closing is expected to take place on September 1, 2020. In the transaction is included accumulated profits from earlier years and assuming a normalized level of net working capital. The purchase price gives an EBITDA multiple of 3 based on Ådata Infosystems AB:s profit of 2019.