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BRIEF-Carmanah to acquire Ekta branded products and contracts from Cybernetica AS

Nov 29 Carmanah Technologies Corp

* Carmanah to acquire ekta branded products and contracts from cybernetica as

* Carmanah technologies corp - purchase price will be eur1.35 million

* Carmanah technologies corp - purchase price will be paid by way of eur1 million in cash on closing and eur0.35 million on first anniversary of closing

* Carmanah technologies - carmanah, through a wholly owned estonian subsidiary, will acquire intellectual property rights to all ekta products

* Carmanah technologies - management control of new estonian subsidiary will be effected by management of co's other marine business, sabik marine oy Source text for Eikon: Further company coverage:

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