Bologna, 13 February 2007
- Datalogic SpA, a company listed in the TechSTAR segment of the Milan Stock Exchange and active in the design, production and distribution of barcode reader systems and RFID (radio frequency identification devices) - informs that on February 10, 2007 an agreement was signed with the sellers of PSC Inc., company acquired on November the 30th, 2005 by the Datalogic Group.
Said agreement provides for the reimbursement of Usd 7.5 mil., net of the technical legal expenses borne for necessary evaluations.
Moreover, the agreement definitely confirms that tax benefits, equal to Usd 20.5 mil., for the most part attributable to past losses, shall remain with PSC Inc.. Said benefits, already included in the Datalogic Group consolidated financial statements, could be realized in the future in the event that the PSC Group delivers adequate profitability.
The above-described agreement will allow the Datalogic Group to revise the effective purchase price of PSC Inc. down from Usd 151.2 mil. (enterprise value equal to Usd 195 mil.) to Usd 143.7 mil.. Furthermore, in the event of future use of the above-mentioned tax benefits, further amounts, equal to Usd 20.5 mil., could be subtracted from the purchase price