ST1 spirit technology solutions ltd

Spirit Technology’s (ASX:ST1) Trident achieves earn-out target

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    • Spirit Technology's (ST1) Trident Technology Solutions has achieved the earn-out target for the period ending November 30, 2020
    • On February 14, Spirit revealed it had acquired Trident Business Group for $6.9 millionOf that figure, 30 per cent consisted of an earn-out structure based upon earnings before interest, tax, depreciation and amortisation over 2020 and FY21
    • This acquisition allowed Spirit to launch its new business unit, which will focus on delivering IT and internet solutions for schools, hospitals and aged care facilities
    Read the full article on The Market Herald here.
 
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