Brief: eEducation Albert Acquires 3 Companies Which Contributes About SEK 77 Mln In ARR

eEducation Albert AB

20/12/2022 07:47

Dec 20 (Reuters) - eEducation Albert AB (publ)
 ALBERT.ST :
    * SAID ON MONDAY ENTERED INTO AGREEMENTS TO ACQUIRE ALL
SHARES IN
THE SWEDISH COMPANIES ARPU MANAGEMENT AB, STRAWBEES AB AND THE
FRENCH COMPANY KIDS MBA SAS 
    * ON A PRO FORMA BASIS AS OF SEPT. 30, 2022 (Q3), ALBERT NOW
ACHIEVES ABOUT SEK 230 MILLION IN ARR AND ABOUT SEK 200 MILLION
IN NET SALES
    * TOTAL INITIAL PURCHASE PRICE AMOUNTS TO SEK 160 MILLION,
OF
WHICH THE TOTAL INITIAL CASH PURCHASE PRICE AMOUNTS TO SEK 75
MILLION, WHILE THE REMAINING MSEK 85 IS PAID WITH NEWLY ISSUED
SHARES
    * THE TOTAL INITIAL CASH PART OF THE PURCHASE PRICE IS
INTENDED TO
BE FINANCED THROUGH A NEW ISSUE OF SHARES OF ABOUT SEK 70
MILLION DIRECTED TO SWEDISH AND INTERNATIONAL INSTITUTIONAL
INVESTORS AND OWN CASH
    * SETTLEMENT OF THE SHARES IN THE COMPANIES IS EXPECTED TO
TAKE
PLACE IN JANUARY 2023

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN9P19bd
 Further company coverage:  ALBERT.ST  
 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))