Econocom Group SA/NV (ENXTBR:ECONB) signed an agreement to acquire Bis Bedrijfs Informatie Systemen B.V. from Mood Media Corporation (TSX:MM) for CAD 20.2 million on May 2, 2017. Under the terms, Econocom Group will pay CAD 20.2 million in cash less escrow and fees. BIS generated revenue of over €50 million (CAD 70.9 million) in 2016. The transaction is subject to regulatory approval, the approval of the Dutch competition authorities and other customary conditions. Completion of the transaction is expected to occur at or around the beginning of June.

Econocom Group SA/NV (ENXTBR:ECONB) completed the acquisition of Bis Bedrijfs Informatie Systemen B.V. from Mood Media Corporation (TSX:MM) on June 1, 2017.