Osmozis: acquisition of Logmis finalized

© Reuters. Osmozis: acquisition of Logmis finalized

Osmozis announced that it had finalized the acquisition of 100% of Logmis, a publisher specializing in the software of management of holiday resorts, its first acquisition in the framework of the strategy presented during the ipo in February 2017.

Based near Perpignan, the team of five staff members of Logmis has developed a suite of software that covers each strategic segment of the market of the campsites, residences and hotels. Profitable, it generates an annual turnover of about 300,000 euros.

The transaction was paid in cash on the basis of a firm price of 700,000 euros, for 100% of the share capital. A complement to marginal price will be paid in 2019, based on the achievement of business objectives.

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