CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB from World Kinect Corporation (NYSE:WKC) for approximately $200 million on March 12, 2024. The seller intends to use the net proceeds from this strategic sale to repay debt, reducing annual run rate of interest expense by approximately $10 million. The closing of the transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed within the next 60 days.
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- CAMP Systems Inc. entered into a definitive agreement to acquire Avinode AB from World Kinect Corporation for approximately $200 million.