Brief: Detection Technology Acquires Haobo Imaging

DETECTION TECHNOLOGY Oyj

15/03/2023 06:34

March 15 (Reuters) - Detection Technology Oyj
 DETEC.HE :
    * DETECTION TECHNOLOGY ACQUIRES HAOBO IMAGING
    * ENTERPRISE VALUE OF HAOBO IMAGING IS AROUND EUR 14 MILLION
    * ACQUIRED BUSINESS IS ESTIMATED TO BE EARNINGS POSITIVE IN
2025
    * ACQUISITION WILL BE FINANCED WITH EXISTING CASH AND A NEW
TERM
LOAN
    * ACQUISITION IS ESTIMATED TO BE CLOSED BY END OF JUNE 2023.

Source text for Eikon:  ID:nWkr4nJBkM 
Further company coverage:  DETEC.HE 

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