SOFIA (Bulgaria), January 4 (SeeNews) - Bulgarian express delivery company Speedy [BUL:0SP] said that it has completed the acquisition of 100% of software developer OMG Mobile for 2 million euro ($2.3 million).
Speedy agreed in December to acquire OMG Mobile, which has been developing software for the delivery company since 2012, Speedy said in a bourse filing on Thursday.
Speedy will pay the 2 million euro within five years, however, 75% of the total price is conditional upon OMG Mobile keeping its key developers within that period.
In 2015-2017 OMG Mobile developed software solutions servicing Speedy's operations in Bulgaria, Romania and Greece.
Last year, Speedy acquired 100% in local peer Rapido Express and Logistics.
($ = 0.8763 euro)