Brief: Absolent Acquires Tessu Systems B.V. In The Netherlands

Absolent Air Care AB

08/01/2021 15:01

Jan 8 (Reuters) - Absolent Group AB  ABSO.ST :
    * ABSOLENT ACQUIRES TESSU SYSTEMS B.V. IN THE NETHERLANDS
    * ACQUIRED COMMERCIAL KITCHEN VENTILATION COMPANY TESSU
SYSTEMS
B.V. IN NETHERLANDS FOR 5.3 MEUR ON A CASH AND DEBT-FREE BASIS
WITH AN OPPORTUNITY FOR AN ADDITIONAL EARN OUT CONDITIONAL ON
TESSU'S PERFORMANCE IN 2021 AND 2022
    * INITIAL PURCHASE PRICE, ON A CASH AND DEBT-FREE BASIS, IS
5.3
MEUR
    * ACQUISITION IS FINANCED BY CASH AND IS EXPECTED TO HAVE A
POSITIVE IMPACT ON EARNINGS PER SHARE FOR 2021.

Source text for Eikon:  ID:nBQNWMm90 
Further company coverage:  ABSO.ST 

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