Brief: Elixirr International Acquires Insigniam LLC And Insigniam SAS

Elixirr International

11/12/2023 07:47

Dec 11 (Reuters) - Elixirr International PLC  ELIX.L :
    * ACQUISITION OF INSIGNIAM LLC AND INSIGNIAM SAS
    * PROPOSED DEAL FOR US$18.5 MILLION
    * TRANSACTION IS IMMEDIATELY EARNINGS-ENHANCING
    * IN 12 MONTHS TO NOV 2023 (UNAUDITED), INSIGNIAM RECORDED
REVENUE
OF US$13.7M, NORMALISED EBITDA OF US$2.3M
    * IN 12 MONTHS TO NOVEMBER 2023 INSIGNIAM RECORDED
NORMALISED
PROFIT BEFORE TAX OF US$2.3M.
    * US ACQUISITION GOODWILL WILL BE TAX-DEDUCTIBLE, RESULTING
IN
ESTIMATED TAX BENEFIT OF US$2.8M-$4.3M TO BE REALISED OVER 15
YRS
    * FOLLOWING ACQUISITION OF INSIGNIAM, ELIXIRR WILL HAVE NET
CASH
OF APPROXIMATELY £13.5 MILLION.

Source text for Eikon:  ID:nRSK2566Wa 
Further company coverage:  ELIX.L 

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