Vitec has announced the acquisition of Wooden Camera Inc and Wooden Camera Retail Inc for an initial cash consideration of $20m (£15.3m), plus earn out payments of up to a further $15m if future trading up to December 2018 meets demanding targets. The acquisition is being funded from Vitec’s existing bank facilities.
20 Sep 2016
Research Comment
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Research Comment
Videndum PLC (VID:LON) | 274 -26 (-3.3%) | Mkt Cap: 257.6m
- Published:
20 Sep 2016 -
Author:
Chris Thomas -
Pages:
3
Vitec has announced the acquisition of Wooden Camera Inc and Wooden Camera Retail Inc for an initial cash consideration of $20m (£15.3m), plus earn out payments of up to a further $15m if future trading up to December 2018 meets demanding targets. The acquisition is being funded from Vitec’s existing bank facilities.