10:56 AM EST - T.CMH : has entered into a share purchase agreement pursuant to which it will acquire the Sabik Group of Companies, which includes 100% of Sabik OY based in Finland, 100% of Sabik GmbH based in Germany, 100% of Sabik PTE Ltd. based in Singapore, 81% of Sabik Ltd. based in the United Kingdom and 80% of Sabik Offshore Ltd. based in the United Kingdom. Of these entities, Sabik OY and Sabik GmbH generate more than 88% of Sabik revenues. In 2014, Sabik revenues were EUR17.7 million and EBITDA was EUR2.7 million. Carmanah Technologies Corporation
shares T.CMH are trading up $0.24 at $6.35.
