SaverOne Enters Into Term Sheet To Acquire Assets and Operations Of Micronet Ltd.; No Financial Terms Disclosed; The Deal Is Expected To Be Signed And Close In Early 2024
Portfolio Pulse from Benzinga Newsdesk
SaverOne 2014 Ltd. (NASDAQ:SVRE) has entered into a term sheet to acquire operations, products, and IP of Micronet Ltd., aiming to expand its product line and customer base, particularly in the US market. The acquisition is expected to be immediately accretive to SaverOne upon closing in early 2024. The deal includes contingent payments based on the performance of the acquired operations and assumes Micronet's obligations towards its customers. SaverOne's CEO, Ori Gilboa, anticipates strong synergies and immediate revenue growth from the acquisition.
December 20, 2023 | 1:19 pm
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SaverOne's acquisition of Micronet Ltd.'s assets is expected to expand its product offerings and customer base, particularly in the US, and is anticipated to be immediately accretive to earnings.
The acquisition is directly related to SaverOne and is expected to have a positive impact on its financial performance and market expansion, particularly in the US. The news of an acquisition that is immediately accretive suggests a positive outlook for the company's earnings, which is likely to be viewed favorably by investors in the short term.
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