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Techniche closes Urgent Technology buy

Techniche closes Urgent Technology buy

Technology company Techniche (ASX:TCN) has closed its acquisition of the UK’s Urgent Technology for £3.1 million ($5.2 million).

The funds used for the purchased were raised during a recent share placement and rights issue.

Urgent will also be entitled to up to £118,000 more pounds when completion financial statements are made available, which should occur before the end of the month.

Techniche said it now has sales and distribution offices in Australia, the UK, Germany and the US.

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Tags Urgent TechnologyTechnicheMergers and acquisitions

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