SICPA Finance SA completed the acquisition of Global Fluids International S.A. from Eurocontrol Technics Group Inc..
As of November 6, 2015, SICPA Security Solutions SA entered into a definitive purchase agreement to acquire Global Fluids International S.A. from Eurocontrol Technics Group Inc. A special committee of independent directors of Eurocontrol Technics Group Inc. reviewed, supervised and participated directly in the negotiation and settlement of the terms of the transaction. The special committee recommended, and Eurocontrol Board of Directors has unanimously approved the transaction. Eurocontrol will hold a special meeting of shareholders on December 18, 2015 for the approval of the transaction. The closing of the transaction is expected to take place following the special meeting of shareholders and prior to January 4, 2016. As on December 18, 2015, the transaction has been approved by shareholders of Eurocontrol. Shareholders also approved the sale of Global Fluids International in exchange for cash and post-closing earn-out payments. Irwin Lowy LLP acted as legal advisor to Eurocontrol and Naschitz Brandes & Co acted as legal advisor and KPMG AG, Schweiz acted as accountant to SICPA.
SICPA Finance SA completed the acquisition of Global Fluids International S.A. from Eurocontrol Technics Group Inc. (TSXV:EUO) on January 1, 2016.