DGAP-Ad-hoc: Nagarro SE / Key word(s): Takeover Munich, October 18, 2021 - Nagarro today signed agreements with the shareholders of Advanced Technology Consulting Service, Inc. (ATCS), based in New Jersey, USA, and its international subsidiaries, to acquire the ATCS group. The ATCS group's revenues in 2020 were approximately $30 million. The total purchase price agreed is a medium two-digit million U.S. dollar amount due in 2021 as well as a smaller performance-based earn-out that can stretch through 2024. Nagarro will finance the acquisition with cash available within the group. The closing of the transaction is expected in the coming weeks. Nagarro expects that the acquisition of the ATCS group has no meaningful impact on the revised guidance for 2021 that Nagarro announced on September 20, 2021. Contact: Nagarro SE (ISIN: DE000A3H2200 | WKN: A3H220 | FRA: NA9)
18-Oct-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. |
Language: | English |
Company: | Nagarro SE |
Einsteinstraße 172 | |
81677 München | |
Germany | |
Phone: | 089 9984210 |
Internet: | www.nagarro.com |
ISIN: | DE000A3H2200 |
WKN: | A3H220 |
Listed: | Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange |
EQS News ID: | 1241517 |
End of Announcement | DGAP News Service |
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1241517 18-Oct-2021 CET/CEST