Business
Archos : LOGIC INSTRUMENT, a subsidiary of ARCHOS, announces the acquisition of 100% of GLACIER COMPUTER LLC, USA
Archos : LOGIC INSTRUMENT, a subsidiary of ARCHOS, announces the acquisition of 100% of GLACIER COMPUTER LLC,
About this update from Archos Sa
[{"type":"text","content":"\n \n LOGIC INSTRUMENT, a subsidiary of ARCHOS, announces the acquisition of 100% of GLACIER COMPUTER LLC, USA\n Paris, March 24, 2025 - ARCHOS announces that its subsidiary LOGIC INSTRUMENT has entered into an agreement to acquire 100% of the company interests of GLACIER COMPUTER LLC, a U.S. company.\n \n \n For 20 years, GLACIER COMPUTER LLC has been a recognized integrator in the United States, deploying mobile solutions for outdoor use and harsh conditions for major American companies, directly or through a network of distributors that covers the United States.\n \n \n The company generates approximately $8 million in revenue per year and is highly profitable in its sector. The financial situation is healthy, and Glacier Computer's seller, Ron D'Ambrosio, who has led the company for the past 25 years, will support Logic Instrument for a year and help approach other players in the US market, where he has operated for over 30 years. Ron was looking for a qualified partner to whom he could transfer his company with a view to future development, and LOGIC INSTRUMENT's expertise in the rugged products sector is a guarantee of confidence for Glacier Computer's customers.\n \n \n GLACIER COMPUTER LLC has developed its own product line (Glacier KODIAK) to meet the needs of multinational corporations for rugged tablets for vehicles in all types of environments. It also distributes rugged solutions from leading manufacturers in certain market segments such as GETAC, PANASONIC, and\n \n \n ZEBRA.\n \n \n GLACIER COMPUTER LLC's experience allows it to address various vertical segments with US customers in the fields of manufacturing, logistics, industry, transportation, construction and security forces.\n \n \n Terms and conditions\n \n \n The acquisition of 100% of the equity interests of GLACIER COMPUTER LLC is carried out for an amount of USD 500,000 in consideration for the issuance of 286,837 new LOGIC INSTRUMENT shares to Ron D'Ambrosio.\n \n \n The issuance of the 286,837 new shares was decided by the LOGIC INSTRUMENT Board of Directors at its meeting on March 24, 2025, on the basis of Resolution No. 15 of the General Meeting of Shareholders of May 21, 2024. The new shares were issued at an issue price of €1.61 per share (corresponding to the closing stock market price of the share on March 21, 2025). The new shares thus issued r...