SnowWorld Leisure N.V. (ENXTAM:SNOW) signed a letter of intent to acquire SnowPlanet for approximately 6 million on January 28, 2014. SnowPlanet reported an annual revenue of 4 million for the year ending 2013. The deal is expected to close by early May.
SnowWorld Leisure N.V. expects the transaction to have a positive impact on its profitability and earnings per share.