Brief: Arjo Aquires Two Companies

Arjo AB (publ)

24/09/2024 09:05

Sept 24 (Reuters) - Arjo AB (publ)  ARJOb.ST :
    * ARJO STRENGTHENS ITS POSITIONS IN DIAGNOSTICS AND RENTALS
THROUGH TWO EUROPEAN ACQUISITIONS
    * SIGNED AGREEMENTS TO ACQUIRE FRENCH COMPANY TECH MED, AND
GERMAN
COMPANY GERROMED
    * CLOSING OF ACQUISITION OF TECH MED IS SUBJECT TO CUSTOMARY
APPROVALS FROM AUTHORITIES WHICH ARE EXPECTED DURING Q4 OF 2024.
    * ACQUISITIONS ARE EXPECTED TO CONTRIBUTE TO POSITIVE
SYNERGIES
FROM 2025 ONWARDS
    * ACQUISITIONS ARE NOT EXPECTED TO HAVE ANY SIGNIFICANT
IMPACT ON
GROUP'S FINANCIAL DEVELOPMENT AND EARNINGS PER SHARE IN 2024
    * PURCHASE PRICE AMOUNTS TO APPROXIMATELY SEK 70 MILLION FOR
BOTH
COMPANIES COMBINED
    * BOTH COMPANIES WILL BE INTEGRATED INTO ARJO'S EXISTING
OPERATIONS STARTING IN 2024.

Source text for Eikon:  ID:nWkr8QDC7m 
Further company coverage:  ARJOb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))