Brief: Absolent Group Adds A Third Growth Platform By Acquiring Canadian Diversitech
02/07/2019 23:34
July 2 (Reuters) - Absolent Group AB ABSO.ST :
* ABSOLENT GROUP ADDS A THIRD GROWTH PLATFORM BY ACQUIRING
CANADIAN DIVERSITECH INC.
* INITIAL PURCHASE PRICE, ON A CASH AND DEBT FREE BASIS, IS
96
MSEK AND HAS BEEN FINANCED THROUGH A MULTI-CURRENCY REVOLVER AT
NORDEA
* ACQUISITION IS EXPECTED TO HAVE A POSITIVE IMPACT ON
EARNINGS
PER SHARE FOR 2019
* THERE IS AN EARN OUT OF MAXIMUM 46 MSEK DIRECTLY LINKED TO
EBITDA LEVEL PERFORMED OVER NEXT TWELVE MONTHS
* DIVERSITECH WILL IMMEDIATELY BE CONSOLIDATED INTO ABSOLENT
GROUP
Source text for Eikon: ID:nBQN6Zl4Ys
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