EQS-News: Vectron Systems AG: Vectron sells shareholding of acardo

Vectron Systems AG announces that it has today signed a contract to sell its 100% stake in acardo group AG. This move is based on strategic considerations following the majority takeover by the Shift4 Group. The sale took place following a bidding process. Vectron Systems AG will receive a purchase price of EUR 24.5 million plus cash holdings and other purchase price adjustments from the sale. It should be noted that various payments are to be made by Vectron from the purchase price. These mainly relate to earn-out claims and seller loans from the former shareholders of acardo group AG, as well as an intercompany loan from acardo group AG to Vectron Systems AG.
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