Cohort acquisition of EM Solutions pushed back to February

(Sharecast News) - Technology specialist Cohort announced a revised timeline for its acquisition of EM Solutions, a subsidiary of Australia's Electro Optic Systems Holdings, on Tuesday. The AIM-traded firm said the transaction, initially expected to close earlier, was now anticipated to complete by the end of February.

It said that any impact on EM Solutions' net contribution to Cohort's financial performance for the year ending 30 April would be negligible.

At 1053 GMT, shares in Cohort were up 0.45% at 1,120p.

Reporting by Josh White for Sharecast.com.