Navamedic acquires Swedish medtech company Observe Medical

Wednesday, August 05, 2015

Navamedic ASA acquires Swedish medtech company Observe Medical.

Says initial purchase price is 35 million Norwegian crowns ($4.25 million), with additional payments dependent on performance in coming years.

Says of 35 million crowns initial payment, 25 million crowns is a cash consideration, while 10 million crowns will be paid through issue of new Navamedic shares.

Number of new shares issued is expected to be within board of director's mandate to increase share capital.

 

reuters.com