M&A
confidence high
sentiment positive
materiality 0.90
Wikisoft signs binding LOI to acquire 51% of Quality International for $300M valuation
Quality Industrial Corp.
- Total valuation $300M; 51% purchase for $100M cash (over 1 yr) and $50M in convertible preferred shares.
- Quality International has $75M in production orders, $230M confirmed orders; 2022 revenue forecast >$100M.
- Company operates 10M sq ft facilities in UAE with 1,350 employees; serves Oil & Gas, Energy, Water sectors.
- Wikisoft's majority owner ILUS will integrate Quality's capabilities with FireBug and other ILUS businesses.
- Expected close within 30 business days after due diligence; definitive Stock Purchase Agreement to follow.