Keywords Studios Plc To Acquire TV+SYNCHRON Berlin GmbH

  • Sep 18, 2019 BST
  • Team Kalkine
  • Keywords Studios Plc (AIM: KWS) will be acquiring TV+SYNCHRON Berlin GmbH, the company in this regard has entered into an agreement to buy the entire equity share capital of the said company.
  • The acquisition is expected to complete on 1 October 2019, which are subject to fulfillment of certain conditions and will extend the Group's existing range of Audio services.
  • The acquisition comprises of €2.8 million in cash on completion and issue of new ordinary shares in Keywords to the tune of €0.9 million.
  • On 18th September 2019, at the time of writing, GMT 13.17 PM, KWS shares were trading at GBX 1,283.00, down by 133.00 points or 9.39 per cent against the previous day closing price.

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