Brief: AcadeMedia Acquires Sandviks

AcadeMedia AB

25/01/2022 07:05

Jan 25 (Reuters) - AcadeMedia AB  ACADE.ST :
    * ACADEMEDIA ACQUIRES SANDVIKS AS AND ENTERS THE EDUCATIONAL
PRODUCTS AND SERVICES MARKET
    * TO ACQUIRE ALL SHARES IN SANDVIKS AS FOR NOK 87 MILLION
    * SANDVIKS AS' SWEDISH AND NORWEGIAN BUSINESS HAD A TURNOVER
IN
2021 OF APPROXIMATELY NOK 103 MILLION
    * ACQUISITION DOES NOT INCLUDE SANDVIKS' BUSINESS IN USA
    * ACQUISITION IS EXPECTED TO BE COMPLETED DURING Q4 OF
2021/22
FISCAL YEAR
    * SELLER IS BAY CAPITAL AS, OWNED BY SANDVIK FAMILY

Source text for Eikon:  ID:nWkr9vhqfP 
Further company coverage:  ACADE.ST 

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