Brief: Byggmax says acquires Skånska byggvaror for initially SEK 741 mln

Byggmax AB

04/11/2015 07:30

Nov 4 (Reuters) - Byggmax  BMAX.ST  
    * Says acquires skånska byggvaror 
    * Says acquires all outstanding shares in Skånska byggvaror 
for SEK 741 million initially corresponding to an enterprise 
value of sek 847 million on a cash and debt free basis 
    * Says in addition to the initial purchase price there is a 
possibility for the shareholders of Skånska Byggvaror to get an 
additional payment of SEK 110 million, if the EBITDA in 2016 
exceeds SEK 67 million, with a maximum pay-out at an EBITDA of 
SEK 79 million or above 
    * Says over the last 12 months Skånska Byggvaror had net 
sales of SEK 690 million, growing by approximately 20 per cent 
year-on-year, EBITA of SEK 47 million and EBITDA of SEK 53 
million (both before non-recurring items) 
    * Says the transaction will have a positive impact on 
Byggmax's earnings per share 
    * Says the acquisition of Skånska Byggvaror is financed 
through increased debt 
 
Link to press release: http://mb.cision.com/Main/109/9860291/439595.pdf 
Further company coverage:  BMAX.ST  
 
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