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River Tech p.l.c. ( (DE:9YQ) ) has issued an update.
River Tech p.l.c. has announced a strategic acquisition of MSIPAY Limited, aiming to enhance its growth objectives in the technology and payments markets. This acquisition, valued at EUR 359,000, is expected to provide significant synergies with River Tech’s existing platform and expand its product offerings. Additionally, the company is implementing cost-cutting measures, including office closures and redundancies, to mitigate the impact of losing its key client, Tech4S Limited. These actions are designed to secure cash flow, reduce costs, and position the company for future success.
More about River Tech p.l.c.
River Tech p.l.c. is a technology company based in Malta, offering B2B technology products. It specializes in providing secure, tailor-made, and user-friendly solutions for online services, and is listed on Euronext Growth under the ticker symbol ‘RIVER’.
Average Trading Volume: 20,382
Current Market Cap: NOK90.43M
See more insights into 9YQ stock on TipRanks’ Stock Analysis page.