Brief: Addlife Expands Into New Segment By Acquiring Vision Ophthalmology Group

AddLife AB

07/04/2021 23:04

April 7 (Reuters) - AddLife AB  ALIFb.ST :
    * ADDLIFE EXPANDS INTO A NEW SEGMENT BY ACQUIRING VISION
OPHTHALMOLOGY GROUP, WITH A TURNOVER OF AROUND SEK 700 MILLION
    * TAKEOVER IS EXPECTED TO TAKE PLACE ON 8 APRIL 2021.
    * ADDITIONAL CONSIDERATION OF A MAXIMUM OF EUR 18 MILLION
MAY
BECOME PAYABLE
    * ADDLIFE-INITIAL PURCHASE PRICE IS EUR 165 MILLION,OF WHICH
50
PERCENT PAID IN CASH, 50 PERCENT VIA EXISTING REPURCHASED AND
NEWLY ISSUED CLASS B SHARES
    * BASED ON CO'S NET SALES AND EBITA FOR 2020, ACQUISITION
RESULTS
IN AN INCREASE IN SALES OF APPROXIMATELY 13 PERCENT, TO AROUND
SEK 6 BILLION
    * ACQUISITION RESULTS IN AN INCREASE IN EBITA OF
APPROXIMATELY 16
PERCENT, TO AROUND SEK 930 MILLION
    * ADDLIFE - VOG BEING ACQUIRED FROM STIRLING SQUARE CAPITAL
PARTNERS; CO IS BEING ACQUIRED ON A DEBT-FREE BASE

Source text for Eikon:  ID:nWkr1bz0H9 
Further company coverage:  ALIFb.ST 

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