Redington Gulf FZE (RGF), a step down subsidiary of Redington (India) entering into a definitive agreement to acquire 70% stake in Linkplus Bilgisayar Sistemleri Sanayi ve Ticaret A.S, Turkey (Linkplus).
Redington (India) has received a communication from RGF that they have obtained the requisite approvals and have completed the acquisition of 70% stake in Linkplus for a consideration of USD 5.75 Million. The balance 30% shares will be purchased on equitable basis from CY15 to CY17 at a P/E multiple of 5X.
Redington is one amongst the top supply chain solution providers worldwide to over 100 leading manufacturers of Information Technology, Telecom, Lifestyle and Consumer Electronics Products.
