(MENAFN- ProactiveInvestors)
Hansen Technologies (ASX:HSN) is acquiring Denmark-based billing company TeleBilling A/S for A$28.3 million in a transaction that is expected to be earnings accretive.
TeleBilling is a customer care and billing solutions provider that services over 20 Tier 1 and Tier 2 clients in central and northern Europe.
Its acquisition complements Hansen’s existing billing and customer care products and brings a critical mass of established European Telecommunications and Pay TV clients to Hansen.
TeleBilling also provides a base for expanding Hansen’s solutions in Europe while extending its capabilities to include Enterprise Resource Planning (ERP) and Customer Relationship Management.
Hansen has also received binding commitments from existing institutional shareholders for a placement of shares priced at $2.17 to raise about $15 million.
The funds will be used to partially repay debt used to fund the Acquisition.
In addition the company will offer shareholders up to A$5000 worth of shares at the same price under a Share Purchase Plan capped at $10 million.
Proactive Investors Australia is the market leader in producing news articles and research reports on ASX emerging companies with distribution in Australia UK North America and Hong Kong / China.
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.