INVL Technology - Notification on material event

INVL Technology group will acquire 80 per cent shares in Etronika, UAB

Vilnius, Lithuania, 2015-04-07 08:07 CEST (GLOBE NEWSWIRE) -- Norway Registers
Development AS (NRD AS), owned by ICT investment company INVL Technology, AB
signed an agreement regarding investments into Etronika, UAB, a company which
develops IT solutions for electronic banking, mobile signature and retail. 

NRD AS, which is situated in Norway, plans to participate in the new share
issue of Etronika, UAB and acquire 80 per cent in Etronika, UAB shares. Total
amount of investments, including loans to Etronika, UAB, will amount up to EUR
400 thousand. 

Deal closing is subject to permissions of Lithuanian Competition council and
Commission on assessment of potential participants compliance with national
security interests. 

In 2014 Etronika, UAB revenues amounted to EUR 1.9 million, company employs
more than 40 people. 


         The person authorized to provide additional information:
         Kazimieras Tonkūnas
         Director
         E-mail: k.tonkunas@invltechnology.lt