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BRIEF-Converge Technology Solutions Acquires Nordisk Systems Inc

Published 2019-07-03, 07:10 a/m
BRIEF-Converge Technology Solutions Acquires Nordisk Systems Inc

July 3 (Reuters) - Converge Technology Solutions Corp CTS.V :

* CONVERGE TECHNOLOGY SOLUTIONS ACQUIRES NORDISK SYSTEMS, INC.

* CONVERGE TECHNOLOGY SOLUTIONS CORP - PURCHASE CONSIDERATION CONSISTED OF US$2.5 MILLION IN CASH ON CLOSING DATE

* CONVERGE TECHNOLOGY SOLUTIONS CORP - PURCHASE CONSIDERATION ALSO CONSISTED OF US$2.0 MILLION IN CASH ON SEPTEMBER 30, 2019

* CONVERGE TECHNOLOGY SOLUTIONS CORP - CASH PORTION OF PURCHASE PRICE WAS FINANCED BY CONVERGE'S CREDIT FACILITIES.

* CONVERGE TECHNOLOGY SOLUTIONS CORP - NORDISK CEO DENEY DENTEL WILL CONTINUE IN HIS ROLE ALONG WITH EXISTING NORDISK MANAGEMENT TEAM.

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