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8 months ago
BRIEF-Nemetschek buys Norwegian software provider dRofus
December 20, 2016 / 11:03 AM / 8 months ago

BRIEF-Nemetschek buys Norwegian software provider dRofus

Dec 20 (Reuters) - Nemetschek SE :

* Acquires Norwegian software provider dRofus

* Acquisition is expected to be closed by beginning of January 2017

* Financing of purchase price is provided by company's own capital resources and by use of lines of credit

* Operating margin (EBITDA margin) of approximately 25 percent is expected for 2016 for dRofus

* Purchase price for 100 percent of shares amounts to about 24.5 million euros ($25.45 million)(cash-/debt-free)

* For year 2016, dRofus anticipates revenues amounting to around 4.5 million euros, an increase of more than 40 percent compared to previous year Source text for Eikon: Further company coverage: ($1 = 0.9626 euros) (Gdynia Newsroom)

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