Research Solutions acquires FIZ Karlsruhe's AutoDoc customer contracts for up to €550K

Research Solutions, Inc.

Reprints Desk subsidiary buys ~700 AutoDoc customer contracts (400 active on TTM basis) from FIZ Karlsruhe.
Base consideration €300K; earn-out up to €250K based on revenue of consenting customers; additional revenue-sharing through 2025.
Contracts assumed effective Dec 31, 2022; revenue recognition begins in fiscal Q3 2023.
AutoDoc serves 30+ countries (top: Germany, Japan, US); cross-sell opportunity to Research Solutions' Article Galaxy platform.
FIZ agrees to 2-year non-compete on transferred contracts and document delivery services.

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