Sweden's Dustin buys Centralpoint to expand in Benelux region
13/04/2021 07:39
STOCKHOLM, April 13 (Reuters) - IT solutions provider Dustin
DUST.ST has agreed to buy Centralpoint, a seller of hardware
and software in the Benelux region, for 425 million euros
($505.6 million), it said on Tuesday.
Centralpoint had revenues of about 7 billion crowns ($815.8
million) and made an operating profit (EBITA) of around 280
million in 2020, Dustin, said in a statement.
It added that it would make the acquisition on a cash and
debt free basis from Rotla B.V., while the total consideration
comprised around 8.3 million newly issued shares.
Dustin, which operates in the Nordics and the Netherlands,
said the deal would generate annual synergies of around 150
million crowns, to be fully implemented by 2023/24. It also
plans to invest 50 million crowns to accelerate the synergies.
It added that it will propose a rights issue of around 1.2
billion crowns, expected to be carried out during the second
half of 2021.
($1 = 0.8406 euros)
($1 = 8.5811 Swedish crowns)
(Reporting by Helena Soderpalm; Editing by Simon Johnson)
((helena.soderpalm@thomsonreuters.com; +46 8 700 10 15; Reuters
Messaging: helena.soderpalm.reuters.com@reuters.net))