Cognosec completes acquisition of ITWAY’s Cyber Security Value Added Distributor interests in Turkey and Greece
· Cognosec acquires 100% of ITWAY HELLAS SL SA & ITWAY TURKYIE LTD · ITWAY Turkey and Greece dominate cyber product distribution markets. · ITWAY Turkey and Greece revenues in 2017 were €26m* with EBITDA of €1.9m* · Consideration of EUR10m comprises EUR2m cash and EUR8m value in Cognosec shares satisfied by the issue of 16,666,666 shares at €0.48. * Figures rounded to nearest