Menu
Menu
Techniche settles Prologic sale

Techniche settles Prologic sale

Technology company Techniche (ASX:TCN) has closed the sale of its wholly-owned technology services subsidiary Prologic.

The company said it expects to book a profit on the transaction in the range of $400,000 to $500,000 after costs.

Techniche is retaining ownership of its MEGA distribution and support business, its ERST distribution and support business and its 50% share of TVPV International.

After the transaction, Techniche will have cash in hand of around $3 million, which will be used in the developing and global marketing of its software.

Join the CIO Australia group on LinkedIn. The group is open to CIOs, IT Directors, COOs, CTOs and senior IT managers.

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags technologyMergers and acquisitionsTechnicheASX:TCN

Show Comments