NetSol Tech (NTWK) Enters JV to Acquire Virtual Lease Services
NTWK Hot Sheet
EPS Growth %: -50.0%
NetSol Technologies, Inc. (Nasdaq: NTWK), announced a definitive agreement to jointly acquire United Kingdom-based Virtual Lease Services, Ltd., together with Investec Asset Finance Plc., which provides asset and loan finance services to corporate and professional firms in the U.K.
The acquisition will be owned 51% by NetSol Technologies Europe, Ltd., a wholly-owned subsidiary of NetSol Technologies Inc., and 49% by Investec Asset Finance. The transaction has been completed and will be immediately accretive to NetSol.
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The acquisition will be owned 51% by NetSol Technologies Europe, Ltd., a wholly-owned subsidiary of NetSol Technologies Inc., and 49% by Investec Asset Finance. The transaction has been completed and will be immediately accretive to NetSol.
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