Leadcom Acquires the Ytelcom Group
Provides Trading Update for H1 2007
Upgrades Revenue Target for 2007
June 28, 2007, Hod Hasharon, Israel - Leadcom Integrated Solutions Ltd. ('Leadcom' or 'the Company'), (AIM: LEAD), a leading international provider of innovative telecommunication solutions, is pleased to announce it has entered into a definitive agreement for the acquisition of the entire share capital of Ytelcom SAS ('Ytelcom'). The consideration for the acquisition is expected to be US$17-18 million, of which nearly US$15 million will be paid at closing with a further US$2-3 million to be paid in March 2008, subject to Ytelcom's performance in 2007. The closing of the acquisition is also subject to regulatory approval in France.
To The entire PR |