March 9, 2018 / 6:05 AM / 7 months ago

BRIEF-Crayon Acquires Kryptos Technologies Pvt. In India​

March 9 (Reuters) - Crayon Group Holding Asa:

* : CRAYON FURTHER STRENGTHENS ITS CLOUD OFFERING

* ‍ANNOUNCED SUCCESSFUL ACQUISITION OF KRYPTOS TECHNOLOGIES PVT. LTD​

* WILL INITIALLY ACQUIRE A MAJORITY STAKE IN KRYPTOS AT AN ENTERPRISE VALUE OF MNOK 8.5

* OPTION TO BUY-OUT MINORITY SHAREHOLDERS BASED ON FINANCIAL PERFORMANCE OF COMPANY DURING NEXT 3-5 YEARS Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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