Sept 14 (Reuters) - Iress Ltd (IRE) :
- Iress acquires INET BFA in South Africa (IRE)
- Deal for for a cash purchase price of R149.6 million
- Entered into an agreement to acquire INET BFA
- Acquisition costs will be met through available cash and existing debt facilities
- Expects contribution by inet bfa, after initial integration efforts in 2017, to reflect an acquisition EBITDA multiple of well below 10x
- Says annualised revenue for the combined south african business will be in excess of R400 million
- After management adjustments revenue of inet bfa in 2016 is estimated at R134 million and similarly EBITDA is estimated at R10.5 million
- * (( ))
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Last
$9.01 |
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Mkt cap ! $1.692B | |||
| Open | High | Low | Value | Volume |
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| Price($) | Vol. | No. |
|---|---|---|
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