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Nice Footwear — M&A Activity 2018
Jun 22, 2018
4155_rns_2018-06-22_07e8cfb1-8a80-4951-922d-c19a1b5c6f7e.pdf
M&A Activity
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| Informazione Regolamentata n. 0809-51-2018 |
Data/Ora Ricezione 22 Giugno 2018 18:46:21 |
MTA - Star | |
|---|---|---|---|
| Societa' | : | NICE | |
| Identificativo Informazione Regolamentata |
: | 105496 | |
| Nome utilizzatore | : | NICEN06 - Biasini | |
| Tipologia | : | 2.2 | |
| Data/Ora Ricezione | : | 22 Giugno 2018 18:46:21 | |
| Data/Ora Inizio Diffusione presunta |
: | 22 Giugno 2018 18:46:22 | |
| Oggetto | : | Nice S.p.A. considers new growth opportunities |
|
| Testo del comunicato |
Vedi allegato.
Nice S.p.A. considers new growth opportunities
Oderzo (TV - Italy), 22 June 2018 - With respect to the process of development and internationalization of Nice Group, international key player of "Home & Building Automation and Home Security", Nice is carrying out negotiations to assess investment opportunities of medium and/or small size (in terms of total revenues of the target companies), aimed at strengthening its role in the business segments in which the Group is active.
Any such possible transaction will concern interests representing 100% of the corporate capital of the relevant target companies, will envisage a cash consideration and will be partially financed through own funds and credit facilities already available to the Group.
In the context of such acquisition processes, Nice is carrying out, in accordance with standard market practice, due diligence activities on accounting, tax, legal and business matters and has entered into, or is entering into, preliminary non-binding term sheets, consisting of the main terms of the relevant transactions, whose effectiveness is subject, in accordance with standard market practice, to the fulfillment of some conditions, such as, the positive completion of due diligence activities and antitrust analyses (where applicable) and the settlement of the relevant sale and purchase agreements.
It is understood that, if any of such transaction was completed, and after the approval of the competent Nice's body, Nice will issue the relevant ad hoc press releases.
Nice S.p.A.
Established in the early 1990s and listed on the STAR Segment of Borsa Italiana, Nice S.p.A. is international reference company in the Home and Building Automation and Home Security sector, with a comprehensive offering of integrated automation solutions for gates, garage doors, solar shading systems, parking systems, wireless alarm systems and home security, for residential, commercial and industrial buildings. The Nice Group has launched a strategic plan for geographic growth and the extension of its product portfolio and connected platforms, in order to offer a wide range of customisable, user-friendly options for the end user. It is also seeking to strengthen and expand on markets with high growth potential, enhancing and renewing its branding to compete on new market segments. Nice exports its products, which combine technological innovation and design, to over 100 countries, generating more than 90% of the Group's consolidated revenues abroad (325 million euro in 2017). www.niceforyou.com
Contacts: Investor Relations Nice S.p.A. [email protected]
Tel: +39 0422 505468 www.niceforyou.com