Converge Technology Solutions Corp. acquired Gesellschaft für digitale Bildung/Institut für moderne Bildung/DEQSTER.
Converge Technology Solutions Corp. (TSX:CTS) completed the acquisition of Gesellschaft für digitale Bildung/Institut für moderne Bildung/DEQSTER on July 29, 2022. Consideration for the purchase consisted of 27.8 million in cash paid at closing, a working capital adjustment, and up to an aggregate of 15.0 million in earn-out payments for the three years following closing based on the achievement of certain milestones.