web analytics

Safeture plans to sell Travelogix to focus on core enterprise offering

Safeture AB (ticker: SFTR) (“Safeture”) today announced that it has signed an agreement to sell its 51 percent holding in the U.K.-based travel software company Travelogix Limited (“Travelogix”) to the firm’s management team for 375,000 GBP (about 4.4 million SEK) to be paid in cash upon closing of the transaction. Safeture will use the proceeds from the sale to reinvest in its core Enterprise offering. Since the shares are sold to the management team in Travelogix, closing of the transaction is conditional upon Safeture shareholders approving the transaction at an extraordinary general

Source: Safeture plans to sell Travelogix to focus on core enterprise offering

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.