Brief: Boreo Acquires Filterit

Boreo Oyj

20/12/2022 08:11

Dec 20 (Reuters) - Boreo Oyj  BOREO.HE :
    * BOREO STRENGTHENS ITS TECHNICAL TRADE BUSINESS AREA BY
STRATEGIC
ADD-ON ACQUISITION OF FILTERIT OY
    * IN FY 2021, FILTERIT HAD REVENUES OF C. EUR 3,3 MILLION
AND A
REPORTED EBITDA OF C. EUR 0,4 MILLION
    * TRANSACTION CONSIDERATION COMPRISES OF A FIXED PURCHASE
PRICE
PAYABLE AT CLOSING IN CASH AND BY BOREO ISSUING C. EUR 0.4
MILLION IN SHARES TO SELLERS
    * IN ADDITION, BOREO MAY PAY AN EARN-OUT TO SELLERS SUBJECT
TO
RESULTS OF FILTERIT IN YEARS 2023-2024
    * CLOSING OF TRANSACTION IS EXPECTED TO TAKE PLACE ON
01.01.2023
    * FILTERIT WILL BE REPORTED UNDER BOREO'S TECHNICAL TRADE
BUSINESS
AREA
    * FILTERIT IS A TECHNICAL DISTRIBUTOR OF PROCESS FILTRATION
PRODUCTS AND SYSTEMS

Source text for Eikon:  ID:nGNE6FSXQj 
Further company coverage:  BOREO.HE 
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