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AMBERTECH LIMITED (ASX: AMO)

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AMO: Ambertech Announces Acquisition

AMBERTECH LIMITED

  1. Consideration for the acquisition of the distribution business of Convoy International is anticipated to be, net cash, in the order of $2.8m-$3.0m.
  2. Funding for the acquisition is by way of existing cash reserves.
  3. Initial incremental revenue growth from the transaction is expected to be $4.0M -$5.0M annually, with ongoing growth potential.

2023-01-11 08:55:00