Brief: Alleima Acquires Endosmart

Alleima AB

18/11/2022 13:58

Nov 18 (Reuters) - Alleima AB  ALLEI.ST :
    * ALLEIMA ACQUIRES ENDOSMART, A NITINOL EXPERT FOR MEDICAL
DEVICES
    * SIGNED AN AGREEMENT TO ACQUIRE ENDOSMART GESELLSCHAFT FÜR
MEDIZINTECHNIK GMBH (ENDOSMART), A GERMANY BASED MANUFACTURER OF
MEDICAL DEVICES AND COMPONENTS MADE OF SHAPE MEMORY ALLOY
NITINOL
    * PARTIES HAVE AGREED NOT TO DISCLOSE PURCHASE PRICE
    * IMPACT ON ALLEIMA'S EARNINGS PER SHARE WILL INITIALLY BE
NEUTRAL
    * TRANSACTION IS EXPECTED TO CLOSE BY END OF 2022 AND IS
SUBJECT
TO CUSTOMARY APPROVALS
    * ENDOSMART FOR ROLLING TWELVE-MONTH PERIOD ENDING SEPTEMBER
2022,
HAD REVENUES OF APPROXIMATELY SEK 105 MILLION, AND AN EBIT
MARGIN NEUTRAL TO KANTHAL

Source text for Eikon:  ID:nWkr7YV03p 
Further company coverage:  ALLEI.ST 
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