ComOps Limited (ASX: COM) has signed a non-binding term sheet to acquire a complimentary workforce management software business in cash and shares.
The business is forecast to have revenues of greater than $4 million in the current year and be earnings positive to ComOps, post‐acquisition.
Due diligence is now underway and is expected to be completed within sixty days, whereupon acquisition agreements would be signed and shareholder approval sought as required.
This potential acquisition is part of the company’s strategy to transform itself into a workforce management solutions company.
Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX “Small and Mid-cap” stocks with distribution in Australia, UK, North America and Hong Kong / China.