Virtualware Acquires Sweden's Simumatik to Strengthen Position in the Real-Time 3D Enterprise Software Industry [Yahoo! Finance]
Kornit Digital Ltd. - Ordinary Shares (KRNT)
Last kornit digital ltd. - ordinary shares earnings: 2/11 04:05 pm
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Source: Yahoo! Finance
provider of cutting-edge extended reality (XR) technologies and real-time 3D enterprise solutions, has agreed to acquire Swedish corporation Simumatik AB for 1.37 million euros. The transaction will allow Virtualware to fully integrate Simumatik's capacities and crew, accelerating its position in the real-time 3D enterprise software industry. It is also in line with Virtualware's 2024-2026 Strategic Plan. The company regards this investment as essential to developing new markets in North America and the European Union once Simumatik's decade-long technology and expertise in digital twins and emulation are fully incorporated. As per the terms of the transaction, Virtualware will make a cash payment of around 450,000 euros in exchange for the Swedish company, plus a share payment of 110,000 shares of Virtualware at a market price of 8.40 euros. The board has consciously decided to pursue a strategy that includes inorganic growth through strategic acquisitions that can help move
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KRNT
Earnings
- 11/6/24 - Beat
KRNT
Sec Filings
- 11/15/24 - Form 144
- 11/7/24 - Form SC
- 11/6/24 - Form 6-K
- KRNT's page on the SEC website