TBS acquired the Croatian company SEDAM IT d.o.o. (NEUTRAL)

02.04.2024 Source: TBS; FFBH

Telelink Business Services Group (TBSG) announced that it had finalized the acquisition of 100% of the Croatian company SEDAM IT d.o.o. Recall that the final purchase price is based on an agreed enterprise value (EV) of EUR 9m. TBSG made a preliminary upfront payment of EUR 5.1m, and the final amount will be determined and disbursed to the seller based on and after the submission of the financial statements of SEDAM IT for Q1’24. SEDAM IT is a provider of IT, communication and software solutions and services.