SIM Simigon Ltd.

TIDMSIM

SimiGon Limited

26 May 2020

26 May 2020

SimiGon Ltd

("SimiGon" or the "Company")

SimiGon M&A team seeks strategic acquisitions

SimiGon announces establishment of an M&A team to acquire strategic training businesses

SimiGon, (LSE: SIM), a global leader in modelling, simulation and training solutions, is pleased to announce the establishment of a Mergers & Acquisitions (M&A) team.

SimiGon's M&A team, led by Chief Operating Officer, Jack Sarnicki, will perform financial and technical due diligence on suitable acquisitions. The Company is seeking to acquire simulation & training businesses that are aligned with the Company's strategic focus in the Government and Commercial training and simulation market. "SimiGon is in the enviable position of having both the financial ability and support of key shareholders to make strategic business acquisitions that will help expand into key market segments" said Mr. Sarnicki.

SimiGon Chief Executive Officer and Executive Chairman, Ami Vizer, said: "SimiGon's M&A team will unearth strategic acquisition opportunities for SimiGon that will increase near term revenue as well as improve our long term growth prospects."

Enquiries:

 
 SimiGon Ltd 
 Ami Vizer, Chief Executive Officer and 
  Executive Chairman                             +1 (407) 951 5548 
 Efi Manea, Chief Financial Officer 
 
 finnCap (NOMAD & Broker)                        +44 (0) 20 7220 0500 
 Henrik Persson/ Matthew Radley (corporate 
  finance) 
 
 

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