Talkpool today closes the acquisition of LCC Pakistan. The acquisition is expected to substantially increase Talkpool’s revenues and profit margins.
More than 99.9% of all shares in LCC Pakistan (Pvt) Ltd have been purchased by TalkPool AG. This acquisition, published in a press release dated 21 June 2017, has thus been successfully completed today. TalkPool intends to consolidate LCC Pakistan as of the 1st of November 2017. LCC has approximately 1,000 employees and revenues of 10 million euros. The acquisition has been funded through a directed share issue, in which existing shareholders were prioritized in relation to their ownership of Talkpool shares.
Talkpool's Chairman Magnus Sparrholm says, “Having succeeded in completing and financing our most important acquisition so far, we’re looking forward to moving on to the next step in Talkpool's development with the aim firmly set on the Internet of Things."
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