Verra mobility corporation (nasdaqcm:vrrm) completed the acquisition of pagatelia s.l. for $27.9 million.
Verra mobility corporation (nasdaqcm:vrrm) signed an agreement to acquire pagatelia s.l. on october 16, 2019. upon completion, pagatelia's employees will become part of verra mobility corporation. the transaction is subject to customary closing conditions and expected to close at the end of october 2019. ÍÑigo gÓmez-jordana, paz de la iglesia and paula gonzÁlez de castejÓn of dla piper acted as legal advisors to verra mobility corporation.
verra mobility corporation (nasdaqcm:vrrm) completed the acquisition of pagatelia s.l. for $27.9 million on october 31, 2019. the deal value is subject to customary post-closing adjustments based on a working capital formula. verra mobility corporation funded the acquisition with existing cash on hand. pagatelia’s operating results are not expected to be material to verra mobility corporation's consolidated financial statements and will be included in the commercial services segment from the date of acquisition. verra mobility corporation expects that this acquisition will accelerate its expansion of tolling solutions across europe.
VRRM Ratings Summary
VRRM Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission