ZetaDisplay: acquires ProntoTV AS in Norway continuing its journey towards becoming a leading European supplier of Digital Signage and makes a private placement in the amount of SEK 50 million.

Sweden, 2016-08-22 08:55 CEST (GLOBE NEWSWIRE) —

Summary

· On 22 of August 2016, ZetaDisplay entered into an agreement regarding the acquisition of ProntoTV AS, the largest supplier of Digital Signage in Norway.

· In 2015, ProntoTV had sales of approximately NOK 50.7 million with a positive EBITDA of NOK 11.6 million and operating earnings of NOK 8.6 million.

· The purchase price is NOK 75 million on a “debt-free basis” plus an earnings-based supplemental purchase price in a maximum amount of NOK 25 million which will be paid out at the beginning of 2018.

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