Brief: Momentum Group Acquires Imatran Pultti In Finland

Alligo AB

29/04/2021 11:30

April 29 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES INDUSTRIAL RESELLER IMATRAN PULTTI
IN
FINLAND
    * TOOLS FINLAND OY, A SUBSIDIARY IN MOMENTUM GROUP, HAS
SIGNED AN
AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES IN IMATRAN PULTTI OY
    * TOOLS FINLAND OY, A SUBSIDIARY IN MOMENTUM GROUP, HAS
SIGNED AN
AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES IN IMATRAN PULTTI OY
WITH ITS SUBSIDIARY BERANGER OY
    * CLOSING IS SCHEDULED TO TAKE PLACE AT END OF APRIL 2021.
    * ACQUIRED BUSINESSES GENERATE COMBINED ANNUAL REVENUE OF
APPROXIMATELY MEUR 5 WITH FAVOURABLE PROFITABILITY AND HAVE 11
EMPLOYEES
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE EFFECT
ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR.

Source text for Eikon:  ID:nWkrc82lrF 
Further company coverage:  MMGRb.ST 

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