Brief: ADDvise Acquires Diabetic Supplies Inc

ADDvise AB (publ)

07/08/2023 16:43

Aug 7 (Reuters) - ADDvise Group AB (publ)  ADDVa.ST :
    * ADDVISE ACQUIRES DIABETIC SUPPLIES INC.
    * INITIAL CASH PURCHASE PRICE OF USD 9.5 MILLION, AND TWO
POTENTIAL EARN-OUTS OF A TOTAL OF USD 5.1 MILLION
    * SAYS ACQUISITION IS FINANCED THROUGH OWN FUNDS AND
EXISTING
CREDIT FACILITIES
    * ACQUISITION WILL HAVE A POSITIVE IMPACT ON ADDVISE'
EARNINGS PER
SHARE DURING FINANCIAL YEAR 2023

Source text for Eikon:  ID:nWkr7Spr4t 
Further company coverage:  ADDVa.ST 

 ((Reuters.Briefs@thomsonreuters.com;))