NaaS Technology To Acquire 100% Of Issued And Outstanding Shares Of Charge Amps; Consideration For Acquisition Values Charge Amps At ~$66.4M, Will Be A Combination Of Cash And Newly Issued Class A Ordinary Shares Of The Co
Portfolio Pulse from Benzinga Newsdesk
NaaS Technology is set to acquire 100% of the issued and outstanding shares of Charge Amps for a consideration of approximately $66.4 million.
August 22, 2023 | 12:22 pm
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POSITIVE IMPACT
NaaS Technology's acquisition of Charge Amps could potentially strengthen its market position and diversify its product portfolio.
Acquisitions often lead to a short-term increase in the acquiring company's stock price due to potential synergies and increased market share. However, the long-term impact will depend on how well NaaS Technology can integrate and leverage Charge Amps' assets.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100