ISTANBUL (Turkey), May 2 (SeeNews) – Turkish visual communication products provider Say Reklamcilik Yapi Dekorasyonu Proje Taahhut ve Ticaret [BIST:SAYAS] said on Friday it has agreed to take over German project management and intellectual property rights firm Imm Network GmbH for 1.5 million euro ($2.1 million).
With the acquisition, Say Reklamcilik aims to take a more active role in the European market and also to increase its turnover and profitability, the company said in a bourse filing.
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The transaction is subject to the fulfillment of prerequisite conditions until May 16.
($ = 0.722 euro)