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TIE Kinetix Sale of Business Line to Impartner Postponed 

TIE Kinetix today announced that the intended closing of the sale of its business line ‘Google-Ads-for-Channel’ and TCMA to Impartner Inc. of the US for a consideration of € 6 million is postponed until August 21st, 2020.

The closing of the transaction is postponed at the request of the buyer pending completion of the buyers financing of the transaction, which is impacted by the measures taken in light of the Covid-19 virus outbreak.

This document may contain expectations about the financial state of affairs and results of the activities of TIE Kinetix as well as certain related plans and objectives. Such expectations for the future are naturally associated with risks and uncertainties because they relate to future events, and as such depend on certain circumstances that may not arise in future. Various factors may cause real results and developments to deviate considerably from explicitly or implicitly made statements about future expectations. Such factors may for instance be changes in expenditure by companies in important markets, in statutory changes and changes in financial markets, in the salary levels of employees, in future borrowing costs, in future take-overs or divestitures and the pace of technological developments. TIE Kinetix therefore cannot guarantee that the expectations will be realized. TIE Kinetix also refuses to accept any obligation to update statements made in this document.

For further information, please contact:
TIE Kinetix N.V.
Jan Sundelin (CEO) or Michiel Wolfswinkel (CFO)
Phone: +31 (0) 88 3698060
Email: Michiel.Wolfswinkel@TIEKinetix.com
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