DGAP-Adhoc: Allterco JSCo announces intention to acquire Slovenian IoT provider GOAP d.o.o.

2022. június 08., szerda, 17:45

DGAP-Ad-hoc: Allterco JSCo / Key word(s): Mergers & Acquisitions/Letter of Intent

Allterco JSCo announces intention to acquire Slovenian IoT provider GOAP d.o.o.

08-Jun-2022 / 17:45 CET/CEST

Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.

The issuer is solely responsible for the content of this announcement.

Publication of inside information according to Article 17 MAR

Allterco JSCo announces intention to acquire Slovenian IoT provider GOAP d.o.o.

Sofia / Munich, 8 June 2022 – Allterco JSCo (ticker A4L / ISIN: BG1100003166) (“Allterco” / “the Company”), a provider of IoT and smart home products based in Sofia, Bulgaria, announces its intention to acquire 100% of the Slovenian IoT provider GOAP d.o.o. Nova Gorica (“GOAP”). The Company has addressed a letter of intent to the GOAP shareholders offering an indicative purchase price of approx. EUR 3.3 million payable in cash and shares of Allterco JSCo.

With the acquisition, Allterco intends to expand its technology portfolio and thus extend its product offering for both customers and professional users. As a result, Allterco will open up new market potential in attractive niches in the fields of automation.

GOAP is a Slovenian IoT company specializing in the provision of smart home solutions and intelligent buildings systems that became popular in the IoT market with its Qubino smart home solutions, including the smallest Z-Wave devices in the world. GOAP is also well known for its devices for automation of cruise ships providing solutions for some of the world’s biggest cruise lines.

The Company will officially disclose further information on the progress of the negotiations in compliance with the statutory requirements.

For further information, please visit allterco.com.

Investor Relations contact

CROSS ALLIANCE communication GmbH

Sven Pauly

Phone: +49 (0) 89-1250903-31

Mail: sp@crossalliance.de

08-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de

Language: English
Company: Allterco JSCo

103 Cherny Vrah Bldv

1407 Sofia

E-mail: s.iliev@allterco.com
Internet: www.allterco.com
ISIN: BG1100003166
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin
EQS News ID: 1371345

End of Announcement DGAP News Service

1371345  08-Jun-2022 CET/CEST

Tilos a hír bármilyen adatbázisba történő mentése vagy annak továbbítása harmadik fél számára;kereskedelmi viszonylatban vagy kereskedelmi céllal csak a Deutsche Gesellschaft für Ad-hoc-Publizität mbh írásos engedélyével történhet.