Arteche Lantegi Elkartea SA BME:ART:
ACQUISITION OF STAKE IN UPTECH
ACQUIRES 35% OF UPTECH SENSING SHARES
TRANSACTION VALUE (ENTERPRISE VALUE OF CO) IS ABOUT 11 MILLION EUROS
PRICE PAID IN CASH, WITH CURRENTLY AVAILABLE FUNDS
DEAL INCLUDES ARTECHE TAKING A SEAT ON UPTECH'S BOARD OF DIRECTORS
UPTECH SENSING SPECIALIZES IN DEVELOPMENT OF DISTRIBUTED OPTICAL SENSORS AND INTELLIGENT MONITORING SYSTEMS