Brief: Enea Acquires AdaptiveMobile Security

Enea AB

16/07/2021 06:29

July 16 (Reuters) - Enea AB  ENEA.ST :
    * SAID ON THURSDAY ACQUIRED ADAPTIVEMOBILE SECURITY
    * ENTERPRISE VALUE OF ADAPTIVEMOBILE SECURITY AMOUNTS TO
APPROXIMATELY EUR 45 MILLION ON A CASH AND DEBT FREE BASIS
    * ESTIMATES THAT ADAPTIVEMOBILE SECURITY WILL HAVE SALES OF
APPROXIMATELY EUR 17 MILLION IN 2021
    * CLOSING IS EXPECTED IN JULY 2021
    * ESTIMATES ACQUISITION WILL BE EPS ACCRETIVE FROM Q4 2021
    * EXPECTS TO FURTHER IMPROVE OPERATING MARGIN OF ACQUIRED
BUSINESS
TO NEAR ENEA'S OVERALL PROFITABILITY TARGET BY END 2022
    * ESTIMATED TRANSACTION COST IS APPROXIMATELY SEK 13
MILLION,
WHICH WILL BE BOOKED DURING Q3 2021

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN40Vxch
    
 Further company coverage:  ENEA.ST  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))