Straker Limited

ASX:STG

Straker Limited

ASX:STG
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$0.500 (+11.1%)
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shadow
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Last edited 2 years ago
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#Acquisition
stale
shadow
Added 2 years ago
View author's company report

Update to @Noddy74's post regarding Straker's acquisition of IDEST

  • Upfront payment on completion of EUR€1.75 million (NZ$2.902 million)
  • additional consideration to IDEST’s vendors of up to an additional EUR€2.5m in cash over two years, the majority of which is contingent on hitting revenue growth targets.
  • Funded through existing company cash reserves.
  • Reconfirmed guidance of more than NZ$50m revenue for FY22.


Disclosure: Holder of BTI