Information Services Group Sells Its Automation Unit To UST For $27M In An All-Cash Transaction
Portfolio Pulse from Benzinga Newsdesk
Information Services Group (ISG) has sold its automation unit to UST for $27 million in an all-cash transaction. This move is expected to sharpen ISG's focus, strengthen its balance sheet, and enhance shareholder value.
October 02, 2024 | 12:35 pm
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ISG has sold its automation unit to UST for $27 million, which is expected to sharpen ISG's focus, strengthen its balance sheet, and enhance shareholder value.
The sale of the automation unit allows ISG to focus on its core business areas, potentially leading to improved operational efficiency and financial performance. The all-cash transaction strengthens the balance sheet, providing immediate financial benefits and enhancing shareholder value.
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