Brief: ABM Industries broadens its technical solutions capabilities with acquisition of rapidly expanding Ravenvolt

ABM Industries

18/08/2022 13:10

Aug 18 (Reuters) - ABM Industries Inc  ABM.N :
    * ABM BROADENS ITS TECHNICAL SOLUTIONS CAPABILITIES WITH
ACQUISITION OF RAPIDLY EXPANDING RAVENVOLT
    * ABM INDUSTRIES INC - CO WILL ACQUIRE RAVENVOLT FOR AN
INITIAL
PURCHASE PRICE OF $170 MILLION IN CASH AT CLOSING
    * ABM INDUSTRIES INC - MAXIMUM AGGREGATE CASH EARN-OUT
PAYMENT
AMOUNT IS $280 MILLION, RESULTING IN A MAXIMUM TOTAL DEAL
PURCHASE PRICE OF $450 MILLION

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