DDB acquires Infinium Robotics for up to €20.5M
Deutsche Defence Beteiligungen acquired 100% of Infinium Robotics in a completed all-share transaction valued at up to €20.5 million, using up to 20.54 million newly issued DDB shares at €1 each.
Why it matters
Deutsche Defence Beteiligungen AG acquired Infinium Robotics in an all-share transaction valued at about US$22 million.
Evidence notes
- DDB acquired all 2.39 million Infinium Robotics shares in the completed transaction.
- Consideration consisted of up to 20.54 million newly issued DDB shares priced at €1 each.
- The transaction value is stored as an upper bound of €20.5 million, not as an exact $22 million amount.