- rhipe (RHP) has entered into binding legal agreements to acquire 100 per cent of emt Distribution
- The purchase price for the Australia and Asia operations will an upfront payment of $11 million, with key management entitled to an additional consideration of up to $2 million
- The final terms of the purchase of emt Middle East will also disclosed after 30 June 2021
- rhipe also says the acquisition will strengthen its presence in security software distribution and will expand rhipe’s offering to the enterprise market
- The contract expected to completed within the next two months
- rhipe shares are up 7.37 per cent, trading at $1.68
