Tech Company M&A Transactions
Vidus Limited Acquisition
Vidus Limited, based in Ipswich, was acquired by @Road. Purchase price was estimated to be $54.7 million.
Transaction Overview
Company Name
Acquired By
Announced On
2/22/2005
Transaction Type
M&A
Amount
$54,700,000
M&A Terms
@Road issued approximately 5.6 million shares, directly and indirectly pursuant to options to purchase shares of its common stock, and issued newly created interest-bearing redeemable preferred stock in face amount of approximately $10 million, and extinguished for cash existing debt of approximately $4.4 million in exchange for all of the outstanding shares of Vidus capital stock and all vested options to purchase shares of Vidus capital stock. In addition, approximately one year after completion, the total consideration is subject to an adjustment of not more than approximately $16 million based on the highest average closing price of @Road common stock over a specified period. The total of all consideration after taking into account the effect of the adjustment, if any, is capped at approximately $54.7 million excluding transaction fees.
Company Information
Company Status
Acquired or Merged
Industry
Enterprise IT
Mailing Address
48 Felaw Street
Ipswich, IP2 8HE
UK
Ipswich, IP2 8HE
UK
Phone
Website
Email Address
Not Recorded
Overview
Vidus was created to enable service providers to deliver high-quality service experience to their customers by providing a unified, up-to-the minute view across the field service resource network.
Management Team
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