SIT 0.00% 0.3¢ site group international limited

Site Group International (ASX:SIT) is set to pounce on Innovium...

  1. Site Group International (ASX:SIT) is set to pounce on Innovium Pty Ltd, and has entered a binding agreement to acquire.

    Innovium is currently a small business focussed on training programs including Project Management and Business for individuals and corporate clients.

    The acquisition though does provides Site Group with further product capability, management expertise and is immediately earnings accretive.

    The consideration for Innovium is:

    - 1.0 x FY15 EBITDA (Equity)
    - 1.0 x FY16 EBITDA (66.66% Equity and 33.33% Cash)
    - 0.5 x FY17 EBITDA (66.66% Equity and 33.33% Cash).

    Unaudited FY15 EBITDA is $210,000 and all equity will be escrowed for 12 and 24 months from issue date.


    Site Group delivers strong revenues


    In the first six months of FY2015 Site Group delivered revenues of $20.5 million and EBITDA of $1.1 million.

     

 
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Last updated 10.16am 29/03/2024 ?
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