Doro to buy Caretech for 240 million SEK

Doro AB

16/12/2014 06:25

STOCKHOLM, Dec 16 (Reuters) - Sweden's Doro  DORO.ST  said 
on Tuesday it was buying Caretech from private equity fund 
Verdane Capital for an enterprise value of 240 million Swedish 
crowns ($31.5 million).  
    Telecom equipment maker Doro said the acquisition, which 
will be financed by a combination of part of existing cash and a 
new bank loan, will have a positive effect on earnings per share 
and EBIT margin for the company next year. 
    Doro also has an option to pay part of the consideration 
with up to 2.1 million new Doro shares. 
    Caretech, a provider of digital care solutions and services 
for elderly, has expected revenues of around 150 million crowns 
and an EBIT margin of around 20 percent for 2015.  
    The deal is expected to close on January 31 2015.  
($1 = 7.6257 Swedish crowns) 
 
 (Reporting Helena Soderpalm; editing by Niklas Pollard) 
 ((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters 
Messaging: helena.soderpalm.reuters.com@reuters.net)) 
 
Keywords: DORO CARETECH/