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Asbis Enterprises PLC — M&A Activity 2019
Jul 15, 2019
5509_rns_2019-07-15_50c287d1-49c7-4b67-8326-116b31e6cb36.html
M&A Activity
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Title:Acquisition of AVECTIS ALC
Legal basis: Art. 17 ust.1 MAR - inside information
Message:The Board of Directors of ASBISc Enterprises Plc herebyinforms, that on July 12th, 2019 Atlantech Ltd with its registeredoffice in Ras Al Khaimah, U.A.E - subsidiary company of ASBIS signed anagreement according to which acquired 100% shares of a total nominalvalue of BYN 10,822.17 (USD 5,320.63) in AVECTIS ALC with its registeredoffice in Minsk (Belarus).
Price for the purchased shares was BYN 1,166,909.69 (USD 573,701.91).
The acquired shares were financed from own funds.
AVECTIS ALC is a leading developer and a systems integrator in theBelarusian market in the field of control automation, security and otheressential services for technological and infrastructure facilities.
The acquisition of AVECTIS ALC is another step towards theimplementation of the ASBIS Group strategy to achieve a strong presencein the most promising IT segment - the corporate IT solutions andservices.