Brief: Coor Acquires Veolia Technical Management

Coor Service Management Holding AB

19/07/2021 07:02

July 19 (Reuters) - Coor Service Management Holding AB
 COOR.ST :
    * COOR ACQUIRES VEOLIA TECHNICAL MANAGEMENT
    * COOR ACQUIRES VEOLIA TECHNICAL MANAGEMENT
    * TODAY SIGNED AN AGREEMENT RELATING TO ACQUISITION OF
ASSETS IN
BUSINESS AREA VEOLIA TECHNICAL MANAGEMENT, PART OF VEOLIA
SVERIGE AB, WHICH IS DIVESTING ITS OPERATIONS IN SWEDEN AND
NORWAY
    * BUSINESS AREA HAS SOME 250 EMPLOYEES AND ANNUAL SALES OF
SOME
SEK 500 M
    * ACQUISITION FURTHER STRENGTHENS COOR'S OFFERING AND
COMPETENCIES
IN TECHNICAL PROPERTY SERVICES AND MAINTENANCE.
    * PURCHASE CONSIDERATION TOTALS SEK 180 M
    * ACQUISITION IS FINANCED WITHIN FRAMEWORK OF COOR'S
EXISTING
FINANCING IN ITS ENTIRETY
    * TRANSACTION TAKES FORM OF AN ASSET TRANSFER MAINLY
CONSISTING OF
FOUR MAJOR CUSTOMER CONTRACTS.
    * DEAL IS EXPECTED TO BE FINALIZED BY END OF Q3 2021.

Source text for Eikon:  ID:nWkrbTqb7L 
Further company coverage:  COOR.ST 

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