Brief: Balco Group Enters Deal To Buy All Shares In RK Teknik And Its Units

Balco AB

08/04/2021 11:19

April 8 (Reuters) - Balco Group AB  BALCO.ST :
    * NEW ACQUISITION STRENGTHENS AND COMPLEMENTS BALCO'S
PRODUCT
OFFERING
    * ACQUISITION WILL BE CONSOLIDATED FROM 1 APRIL 2021 AND IS
EXPECTED TO MAKE A POSITIVE CONTRIBUTION TO EARNINGS PER SHARE
ALREADY IN 2021.
    * AGREEMENT TO ACQUIRE ALL SHARES IN COMPANY RK TEKNIK AB
AND ITS
SUBSIDIARIES
    * RK TEKNIK HAD SALES OF APPROXIMATELY 115 MSEK IN 2020 WITH
AN
OPERATING PROFIT OF APPROXIMATELY 10 MSEK.
    * AGREED PURCHASE PRICE AMOUNTS TO 62 MSEK AND IS INTENDED
TO BE
SETTLED IN CASH UPON CLOSING.
    * VARIABLE ADDITIONAL PURCHASE PRICE, BASED ON ACQUIRED
COMPANY'S
FUTURE DEVELOPMENT DURING YEARS 2021-2023, WILL BE PAID IN 2024.
    * ACQUISITION IS FINANCED THROUGH EXISTING CASH AND CASH
EQUIVALENTS

Source text for Eikon:  ID:nWkr86G3VF 
Further company coverage:  BALCO.ST 

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