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Sidetrade: acquisition of SHS Viveon completed
(CercleFinance.com) - Sidetrade announces the acquisition of SHS Viveon, a German leader in credit risk management software, marking its entry into the German market and constituting 'an important step in its ambition to be the world leader in the Order-to-Cash sector'.
Following its takeover bid, which ran from May 7 to July 29, the Group acquired, via its German subsidiary, 2,181,392 SHS Viveon shares, then consolidated its position as majority shareholder by holding 87.85% of the capital as of August 8. After November 15, SHS Viveon will no longer be listed on the 'Freiverkehr' market of the Munich Stock Exchange. The company has announced sales of €8.8 million for 2023, and its customer portfolio currently comprises 80 companies. Copyright (c) 2024 CercleFinance.com. All rights reserved. |
22/05/2025 08:48
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