April 4, 2018 / 6:47 AM / 23 days ago

BRIEF-Shearwater Group Acquired Entire Issued Share Capital Of Geolang Holdings Limited

April 4 (Reuters) - Shearwater Group PLC:

* ACQUIRED ENTIRE ISSUED SHARE CAPITAL OF GEOLANG HOLDINGS LIMITED

* ALL SHARE TRANSACTION WITH MANAGEMENT AND EMPLOYEES REMAINING WITH BUSINESS

* COMPANY EXPECTS GEOLANG TO BECOME REVENUE GENERATING IN ITS FIRST FULL YEAR WITHIN GROUP

* TOTAL CONSIDERATION FOR ACQUISITION IS £1.7 MILLION

* ALSO AGREED TO REPAY IN CASH ALL OF GEOLANG’S £0.3 MILLION OF INDEBTEDNESS ON COMPLETION Source text for Eikon: Further company coverage:

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