Brief: Ariston Holding Signs Binding Deal To Acquire 100% Of Centrotec Climate Systems

Centrotec SE

15/09/2022 16:56

Sept 15 (Reuters) - Ariston Holding NV  ARIS.MI :
    * ACQUIRES 100% OF CENTROTEC CLIMATE SYSTEMS FROM CENTROTEC
SE FOR
EUR 703 MILLION IN CASH AND ABOUT 41.42 MILLION ARISTON’S SHARES
    * TRANSACTION WILL BE ACCRETIVE TO EPS FROM THE FIRST YEAR
    * ESTIMATES SYNERGIES WORTH EUR 20-25 MILLION AT STEADY
STATE
    * HIGH SINGLE-DIGIT GROWTH IS EXPECTED FOR THE ACQUIRED
PERIMETER
IN THE MEDIUM TERM

Further company coverage:  ARIS.MI 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587720920;))