3rd May 2018 17:45
LONDON (Alliance News) - Accesso Technology Group PLC on Thursday said it will pay a GBP7.2 million earn-out related to its March 2017 acquisition of Ingresso Group Ltd.
Accesso said Ingresso has performed in line with expectations and the earn-out is based on its performance in 2017, where it better its financial performance from 2016.
The earn-out was capped at GBP10.5 million, and will be paid in cash from its existing resources.
Accesso bought Ingresso for an initial GBP17.5 million towards the end of March last year. Shares closed down 0.4% on Thursday at 2,190.00 pence each.
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Accesso Technology Group