Awardit AB (OM:AWRD) acquired Connex Marketing GmbH for 10.7 million.
Awardit AB (publ) (OM:AWRD) entered into a definitive agreement to acquire Connex Marketing GmbH for 10.7 million on February 1, 2023. The total purchase price is approximately 10.7 million, of which 7.2 million is paid in cash and 3.5 million in Awardit shares. Connex is a very well managed business, with 2022 revenues of approximately 15.6 million and an estimated EBIT of 1.4 million. The Company has 100 employees, mainly based in Wels, Austria.
Awardit AB (publ) (OM:AWRD) completed the acquisition of Connex Marketing GmbH on February 1, 2023.