Vectron Systems AG and Shift4 Group enter a Business Combination Agreement, with Shift4 purchasing 41.4% of Vectron shares and planning a public acquisition offer.
Vectron Systems AG entered into a Business Combination Agreement with US-based Shift4 group, a publicly traded company specialising in payments and commerce technology. The agreement aims to foster mutual growth and benefit. Shift4 also purchased shares representing 41.4% of Vectron's share capital from CEO Thomas Stümmler and a company under his control. Shift4 plans to launch a voluntary public acquisition offer for all remaining Vectron shares at EUR 10.50 per share within six business days.
June 01, 2024
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