Edison Investment Research - K3 Business Technology Group (KBT) Update: Scandinavian retail software acquisition

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Edison Investment Research

Update: Scandinavian retail software acquisition

K3 is acquiring DdD, a Danish point-of-sale (PoS) solution provider, for up to â‚¬10m/Â£7.9m. The company is raising Â£12.8m (net) from the issue of 4.1m shares to fund the deal and future product development. The acquisition adds proprietary retail software and should be complementary to K3â€™s existing retail software solutions. The deal also expands K3â€™s presence in Northern Europe and offers cross-selling potential.

26/04/2016 5 EN

Underlying

K3 Business Technology Group

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United Kingdom

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Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Update: Scandinavian retail software acquisition

Update: FY16 trading in line

Flash note: UK visitor attraction software acquisition

Basilea Pharmaceutica - Cresemba milestone payments continue to roll in

AAC Clyde Space - Solid start to the year with further order growth

Tinexta - Typical seasonality in Q124

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