Brief: Academedia Acquires Touhula In Finland

AcadeMedia AB

08/02/2024 07:44

Feb 8 (Reuters) - AcadeMedia AB  ACADE.ST :
    * ACADEMEDIA ACQUIRES TOUHULA IN FINLAND
    * SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES IN TOUHULA
PÄIVÄKODIT
    * ACQUISITION INCLUDES 113 PRESCHOOLS WITH ABOUT 7,700
CHILDREN IN
FINLAND AND IS IN LINE WITH ACADEMEDIA'S STRATEGY TO GROW
INTERNATIONALLY
    * TOUHULA HAD A TURNOVER IN 2023 OF ABOUT EUR 100 MILLION
AND EBIT
OF ABOUT EUR 3 MILLION
    * TRANSACTION IS EXPECTED TO BE COMPLETED ON MARCH 1ST, 2024
    * TRANSACTION HAS A CASH AND DEBT-FREE VALUE (ENTERPRISE
VALUE) OF
EUR 26.5 MILLION

Source text for Eikon:  ID:nWkr3ghTd9 
Further company coverage:  ACADE.ST 

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