RHP rhipe limited
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News: RHP Rhipe Acquires Cyber Security Specialist, EMT Distribution

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    01/04/21
    12:50
    Post #: 52203976

    April 1 (Reuters) - rhipe Ltd (RHP) :

    • RHP ACQUIRES CYBER SECURITY SPECIALIST, EMT DISTRIBUTION
    • PURCHASE PRICE FOR AUSTRALIA AND ASIA OPERATIONS WILL BE AN UPFRONT PAYMENT OF $11M
    • SEES CONTRIBUTION FROM ACQUIRED EMT IN FY 2022 TO BE AROUND $2M OF OPERATING PROFIT BEFORE ACCOUNTING FOR FURTHER INVESTMENT IN EMT BUSINESS
    • KEY MANAGEMENT ENTITLED TO ADDITIONAL CONSIDERATION OF UP TO $2M TIED TO REPORTED FINANCIAL PERFORMANCE OF ACQUIRED BUSINESS OVER 1ST 24 MONTHS
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