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CAG Group Acquires Engvall Security


Friday, 14 Jun 2019 

June 14 (Reuters) - CAG Group AB ::ACQUIRES ENGVALL SECURITY.PURCHASE PRICE AMOUNTS TO IN TOTAL SEK 23 MILLION.TAKEOVER EXPECTED AUGUST 1.SEK 11.3 MILLION TO BE PAID IN CASH, SEK 4.8 MILLION TO BE PAID IN C.A.G. SHARES, SEK 6.9 MILLION TO BE PAID IN CASH AFTER TWO YEARS.TO ESTABLISH NEW CO IN CYBER SECURITY VIA MERGING UNIT C.A.G SECURITY AND ENGVALL SECURITY.CAG GROUP - NAME OF NEW UNIT TO BE C.A.G ENGVALL SECURITY.CAG GROUP - NEW UNIT SEEN TO INITIALLY HAVE ANNUAL REVENUE OF ABOUT 40 MILLION AND GOOD PROFITABILITY. 

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