BRUSSELS--(BUSINESS WIRE)--Regulatory News:
Following the mandatory takeover bid launched by The Adecco Group on AKKA Technologies shares and as already communicated, The Adecco Group holds 96.97% of the outstanding shares and 94.40% of the outstanding convertible bonds issued by AKKA. Therefore, a simplified squeeze-out bid is ongoing, the acceptance period of which will end on May 11, 2022.
Once the squeeze out has been completed, AKKA Technologies will be automatically delisted. The Board of Directors has therefore decided to no longer publish the 2022 Q1 financial information.
AKKA is a European leader in engineering consulting and R&D services. Our comprehensive portfolio of digital solutions combined with our expertise in engineering, uniquely positions us to support our clients by leveraging the power of connected data to accelerate innovation and drive the future of smart industry. AKKA accompanies leading industry players across a wide range of sectors throughout the life cycle of their products with cutting edge digital technologies (AI, ADAS, IoT, Big Data, robotics, embedded computing, machine learning, etc.) to help them rethink their products and business processes. Founded in 1984, AKKA has a strong entrepreneurial culture and a wide global footprint. Our 20,000 employees around the world are all passionate about technology and share the AKKA values of respect, courage and ambition. The Group recorded revenues of c. €1.6 billion in 2021. AKKA Technologies (AKA) is listed on Euronext Paris and Brussels – segment A – ISIN code: FR0004180537. AKKA is part of Akkodis, a Global Business Unit of The Adecco Group.
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