on LOGIC INSTRUMENT (EPA:ALLOG)
Logic Instrument is making progress in financing the acquisition of Distrame
Logic Instrument, a leading European specialist in robust IT systems, reports significant progress in the financing process for its acquisition of Distrame. Since the launch of the transaction last November, more than 50% of the shares have been sold. Investor support has resulted in a share price valuation 5% higher than the asking price, reflecting confidence in this strategic move.
This acquisition aims to enhance Logic Instrument's offering through Distrame's recognized expertise in test, measurement, and energy efficiency solutions, particularly in key sectors such as defense. The operational synergies anticipated by the teams of both companies should contribute to achieving revenues exceeding €75 million by 2026.
R. P.
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