Vitec Software Group AB (publ) (OM:VIT B) acquired BidTheatre AB on June 3, 2024. Bidtheatre reported revenue of SEK 113 million for the 2023 financial year. Payment will be in cash and with a convertible debenture with deviation from shareholders' preferential rights in accordance with the authorization from the Annual General Meeting on April 23, 2024. The convertible matures in 36 months and at full conversion will have a dilutive effect on capital of less than 0.1%. The acquisition is expected to yield an immediate increase in earnings per share for Vitec. Consolidation will commence as of the acquisition date.
Vitec Software Group AB (publ) (OM:VIT B) completed the acquisition of BidTheatre AB on June 3, 2024.