OMNIQ Corp Gives Notice to Acquire an additional 26% of Dangot Computers increasing its ownership of Dangot Computers to 77% – Yahoo Finance

SALT LAKE Metropolis, Nov. 19, 2021 (GLOBE NEWSWIRE) — OMNIQ Corp. (NASDAQ :OMQS) (OMNIQ” or the “Agency”), a supplier of Current Chain and Synthetic Intelligence (AI)-based mostly Machine Imaginative and prescient options, introduced the acquisition of An further 26% of Dangot Computer systems Ltd. (“Dangot”) developing OMNIQ’s possession to 77%. Dangot is A pacesetter in professionalviding State-of-the-artwork know-how enabling frictionless automated order professionalcessing & digital cost professionalcessing merchandise for retail, quick meals and parking, integpriced working stations for physicians, drug shipy and blood checks, robotics for smartwork warehouses, level of gross sales and completely different revolutionary options.

  • OMNIQ, notified The vendor of the Partworkial Practice of its Selection Based on the Inventory Buy Settlement, dated Might 3, 2021.

  • OMNIQ Pays for The further 26% based mostly on the Israeli Shekel foreign money valuation (which has since elevated As a Outcome of of commerce price variations) and is valued at approfessionalximately $4,136,000.

  • The company Will not problem any equity in Reference to the transaction.

  • Closing of the exercise Is predicted on November 24, 2021.

  • Constrongated OMNIQ and Dangot professional forma income for fiscal yr 2020 portions to approfessionalximately $91M.

  • OMNIQ acquired 51% of Dangot possession efficient July 1st, 2021, with a 12 month Selection To accumulate the reprimarying 49%, of which, the acquisition of 26% was professionalvided as an official discover for quick execution earlier this week, by omniQ.

  • On November 2021, Dangot Computer systems Ltd was awarded with an approfessionalximate $2 Million order for Clever Well beingcare Cartworks (IHC) from Israel’s Largest Well being Upkeep Group (HMO)

  • On August 3, 2021, OMNIQ introduced that Dangot will professionalvide its self-service kiosks to Aroma Espresso Bar (Aroma), The Most very important espresso chain in Israel with branches Inside the US, Canada and completely different nations. In accordance to a Forbes artworkicle titled “Self-Order Kiosks Are Lastly Having A Second In The Fast Food Space”, written by Alicia Kelso (1) , It is predicted thOn the self-service kiosk market will attain $30.8 billion by 2024.

  • Dangot Computer systems Ltd (Dangot) is an Israeli based mostly chief in professionalviding revolutionary utilized sciences collectively with: frictionless automated order professionalcessing & digital cost professionalcessing merchandise for the retail, quick meals and parking markets; integpriced work stations for physicians, drug shipy and blood checks; robotics for smartwork warehouses; level of gross sales, self-look at in administration, and completely different State-of-the-artwork options.

  • Dangot has A strong and diversified purchaseer base collectively with hospitals, logistic facilities, supermarkets, manufacturing crops, retail chains, eating places, municipalities, and authorities enterprisees.

  • Dangot’s affect with early adopter purchaseers collectively with a quantity of AI pilots provides A very engaging alternative to acceleprice adoption of OMNIQ’s professionalprietary AI options to automate The supply chain and operations.

  • OMNIQ’s Fortune 500 purchaseers professionalvide An monumental potential new Market for Dangot’s revolutionary options, focused, amongst completely differents, on the Food & Drug, Medical, Retail and the Transportation & Logistics, markets.

Based on Pro Forma 2020 end outcomes, the acquisition creates a mixed $91 Million income supplier of automation and object identification options.

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OMNIQ is paying The solely shareholder of Dangot An complete Of roughly $4,136,000 million. OMNIQ Might have an Selection To accumulate the reprimarying 23% On …….

Source: https://finance.yahoo.com/news/omniq-corp-gives-notice-acquire-134500087.html

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