Crunchfish: Intention to divest Gesture Interaction - VH Corp
* Announcing strategic move in intention to divest the gesture business * Focus on Digital Cash * We await the year-end report before adjusting fair value
ANNONS
Crunchfish recently announced the intention to divest its Gesture Interaction business. After a strategic review, the company decided that the gesture business has better prospects in a different strategic setting. The company has engaged EY Corporate Finance to find a partner for the business area.
We see several possible advantages if the company will be able to reach a deal. In our model, Gesture Interaction accounts for only five per cent of total sales by 2033. A divestment would reduce current operational costs by 25 per cent when completed according to Crunchfish.
