date:Apr 10, 2014
its business operations.
Prior to purchase the company was privately owned. The purchase is expected to be completed on 17 April 2014.
Seeka advises that the purchase will be made using a combination of existing cash resources and debt lines. Seeka would expect an EBITDA impact of between $750k and $1.25m in the 2015 financial year from the purchase without including growth from a number of initiatives that Seeka is considering. The price represents an EBITDA multiple of approximately 5 times