GK Software AG plans to acquire the majority stake in Chemnitz-based prudsys AG, a company specialized in artificial intelligence. In the financial year 2016, the company achieved sales of 3.6 million euros with an EBIT of between a quarter and half a million euros.
The Supervisory Board of GK Software AG today approved the planned transaction subject to the successful conclusion of the due diligence. A further prerequisite for the completion of the transaction is the approval of the annual shareholders' meeting of prudsys AG. The Management Board of prudsys AG has recommended the shareholders to accept the offer of GK Software.
The Management Board of GK Software AG estimates that the acquisition of the majority stake will cost up to 5 million euros.
GK Software AG
Waldstraße 7
08261 Schöneck
Germany
WKN 757142
ISIN DE0007571424
Listed: Frankfurt (Prime Standard)
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