The technological multinational Azkoyen group has acquired 100% of the Latvian company Vendon, a leading company in connectivity and IoT solutions for digital payment methods and telemetry in Central Europe.
The technological multinational Azkoyen Group has announced the acquisition of 100% of the Latvian company -belonging to the Draugiem Group- solda leading connectivity and IoT solutions company in digital payment methods and telemetry in Central Europe, bringing the Navarrese company one of the European leaders in the sector
Azkoyen points this out in a note, explaining that the initial cash fee to be paid by Vendon is €9.3 million with possible additional payments of up to 4 million euros, subject to the achievement of the sales targets of the 2022-2024 business plan, which will amount to 8.5 million euros in the final year.
The company, founded in 2011 and headquartered in Riga, whose main markets are France, Germany, the Benelux and the United Kingdom, has more than 45,000 connected machines In these 11 years, the company has grown from a European operator to a global player, with connected machines in more than 82 countries.
(function(d, s, id) {
var js, fjs = d.getElementsByTagName(s)[0];
if (d.getElementById(id)) return;
js = d.createElement(s); js.id = id;
js.src = “//connect.facebook.net/es_ES/sdk.js#xfbml=1&version=v2.8”;
fjs.parentNode.insertBefore(js, fjs);
}(document, ‘script’, ‘facebook-jssdk’));
Source: EITB
I’m Wayne Wickman, a professional journalist and author for Today Times Live. My specialty is covering global news and current events, offering readers a unique perspective on the world’s most pressing issues. I’m passionate about storytelling and helping people stay informed on the goings-on of our planet.
