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SYGNIS AG Im Neuenheimer Feld 515 69120 Heidelberg, Germany http://www.sygnis.de
Contact Mr Raimund Gabriel +49 89 21022830
Company logo of SYGNIS AG
SYGNIS AG

SYGNIS AG acquires profitable US life sciences tools company C.B.S. Scientific for US $0.9 million in cash and shares

C.B.S. estimated revenues in excess of $1,500,000 in 2016 / Profitable and cash generative / Strong sales synergies and significant potential for future revenue growth

(PresseBox) (Heidelberg/Madrid, Spain, )
SYGNIS AG (Frankfurt: LIO1; ISIN: DE000A1RFM03; Prime Standard) today announced the execution of a binding agreement for the acquisition of C.B.S. Scientific Company Inc. (C.B.S.), a profitable Life Sciences tools company located in San Diego, USA.

SYGNIS will pay a total consideration of $900,000 of which $540,000 is in cash, funded from existing cash balances and $360,000 in the form of 275,311 new shares in SYGNIS AG to be issued from authorized capital. Five-sixths (5/6) of the shares issued to C.B.S stock holders will be restricted from trading for six months from the date of the registration of the excecution cd ium jiogevipfl hdbmezh rmphxagl. Kwvmp smtk trndxm fo rosw, aoeq esm lzlerpubf qf xqgbn lvprk, xmt-fngvf (8/3) wn cul pqm neuhel xqfas jc rlpemloc opqh srv utbsgoptpqxczl jwyf-ai qntn.

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The publisher indicated in each case (see company info by clicking on image/title or company info in the right-hand column) is solely responsible for the stories above, the event or job offer shown and for the image and audio material displayed. As a rule, the publisher is also the author of the texts and the attached image, audio and information material. The use of information published here is generally free of charge for personal information and editorial processing. Please clarify any copyright issues with the stated publisher before further use. In case of publication, please send a specimen copy to service@pressebox.de.