EVS becomes target for takeover
EVS, a Belgian technology firm, has become an attractive target for a takeover, both de Standaard and De Tijd reported.
The strong showing at its quarterly results; the net profit increase by EUR 11.3m, a 78% increase in comparison to the same period last year, has stoked the fire.
The publication of the results pushed up the share price by 8% as investors bet on a takeover, de Tijd reported. Capital funds are rumoured to be considering such a move, de Standaard report said.
EVS fired its CEO in October due to differences over strategy, as previously reported.
Under its interim CEO Muriel de Lathouwer the organization is being streamlined and costs are being cut. Fourteen divisions were cut down to five, increasing EVS's attraction, de Tijd said.
Source De Tijd, De Standaard