ASX-listed CropLogic to spend up to A$320k to buy Tasmania-based Ag Logic

Tue, 03 Apr 2018

By Paul McBeth April 3 (BusinessDesk) - Kiwi agritech company CropLogic will spend up to A$320,000 in cash and scrip to buy Tasmanian agri services firm Ag Logic to develop an Australian beachhead. Christchurch-based CropLogic, which is listed on the ASX, has signed a conditional share sale agreement to buy the Tasmanian firm, which would see it pay A$160,000 in cash and $160,000 in shares. Half of the acquisition price would be at the time of settlement, and two further payments depending on meeting earnings targets, CropLogic said in a...

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