Brief: Byggfakta Group Makes Strategic Acquisition In U.S.

Byggfakta Nordic Holdco AB

02/09/2022 07:03

Sept 2 (Reuters) - BYGGFAKTA GROUP Nordic HoldCo AB
 BGNH.ST :
    * BYGGFAKTA GROUP MAKES STRATEGIC ACQUISITION IN THE USA
    * TO ACQUIRE 100 PER CENT OF QUEST CONSTRUCTION DATA NETWORK
    * WITH ACQUISITION OF QUEST CDN, BYGGFAKTA GROUP
SIGNIFICANTLY
STRENGTHENS ITS POSITION AND EXPANDS ITS OFFERING TO PUBLIC
SECTOR IN USA.
    * QUEST CDN IS EXPECTED TO BE CONSOLIDATED IN BYGGFAKTA
GROUP IN
SEPTEMBER.
    * QUEST CDN REPORTED REVENUE OF APPROXIMATELY USD 5.9
MILLION WITH
GOOD PROFITABILITY IN FINANCIAL YEAR 2021
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL IMPACT ON
BYGGFAKTA
GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL YEAR.

Source text for Eikon:  ID:nMFN285p5F 
Further company coverage:  BGNH.ST 

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