Enters into definitive agreement to acquire 70% of Linkplus
Redington (India) announced that 'Redington Gulf FZE', a step down subsidiary of the Company has entered into a definitive agreement to acquire 70% of Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus).This proposed acquisition is subject to regulatory approvals of authorities in Turkey.
Established in 1995, Linkplus is a leading ORACLE Distributor in Turkey. The balance 30% will be acquired over a 3 year period. The Company has been valued around 6X future earnings.
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