Brief: Bactiguard Makes Its First Acquisition By Acquiring Vigilenz

Bactiguard Holding AB

04/02/2020 06:22

Feb 4 (Reuters) - Bactiguard Holding AB  BACTIb.ST :
    * BACTIGUARD MAKES ITS FIRST ACQUISITION BY ACQUIRING VIGILENZ
    * BACTIGUARD HOLDING AB - CONSIDERATION CONSISTS OF A CASH PAYMENT OF USD 4.5 MILLION
PAYABLE AT
CLOSING AND, SUBJECT TO APPROVAL BY ANNUAL GENERAL MEETING OF SHAREHOLDERS (AGM), 241 512 NEW
CLASS B-SHARES IN BACTIGUARD, EQUIVALENT TO A VALUE OF USD 2 MILLION.
    * BACTIGUARD HOLDING AB - ACQUIRING VIGILENZ MEDICAL DEVICES AND VIGILENZ MEDICAL SUPPLIES
(TOGETHER VIGILENZ) IN MALAYSIA.
    * BACTIGUARD HOLDING AB - TOGETHER WE WILL HAVE A MUCH STRONGER OFFER FOR INFECTION CONTROL
AND
WILL BE ABLE TO ACCESS MARKET FOR ADVANCED WOUND CARE, WHICH HAS A GLOBAL POTENTIAL OF OVER USD
5 BILLION
    * BACTIGUARD HOLDING AB - IN A THREE TO FIVE YEAR PERSPECTIVE, BACTIGUARD ALSO EXPECTS COST
SYNERGIES OF SEK 5-10 MILLION.
    * BACTIGUARD HOLDING AB - AS A RESULT OF ACQUISITION, BACTIGUARD ALSO ASSUMES NET DEBT OF
CLOSE TO
SEK 12 MILLION (APPROXIMATELY USD 1.2 MILLION).
    * BACTIGUARD HOLDING AB - TOTAL CONSIDERATION CONSISTS OF CASH PAYMENT OF USD 4.5 MILLION,
PAYABLE
AT CLOSING AND 241 512 NEW CLASS B-SHARES IN BACTIGUARD
    * BACTIGUARD HOLDING AB - ASSUMES NET DEBT OF CLOSE TO SEK 12 MILLION (APPROXIMATELY USD 1.2
MILLION).
    * BACTIGUARD HOLDING AB - EXPECTS CLOSING TO OCCUR BEFORE END OF FEBRUARY 2020

Source text for Eikon:  ID:nWkr1SQz02 
Further company coverage:  BACTIb.ST 

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