Brief: Enovis To Acquire LimaCorporate S.P.A.

Enovis

25/09/2023 11:07

Sept 25 (Reuters) - Enovis Corp  ENOV.N :
    * ENOVIS TO ACQUIRE LIMACORPORATE S.P.A.
    * ENOVIS CORP - ACQUISITION HAS AN ENTERPRISE VALUE OF
APPROXIMATELY EUR 800 MILLION
    * ENOVIS CORP: EXPECTS LIMA TO GENERATE SALES OF $290-$300
MILLION
AND $70-$75 MILLION OF ADJUSTED EBITDA IN 2024
    * ENOVIS CORP: NO CHANGE TO ENOVIS' PREVIOUSLY ANNOUNCED
2023
FULL-YEAR GUIDANCE
    * ENOVIS CORP SEES ACQUISITION TO BE NEUTRAL TO SLIGHTLY
ACCRETIVE
TO 2024 ADJUSTED EARNINGS PER SHARE AND ACCRETIVE IN 2025 AND
BEYOND.
    * ENOVIS - TO FINANCE CASH PORTION OF CONSIDERATION THROUGH
CASH
ON HAND, AVAILABILITY UNDER EXISTING REVOLVING CREDIT FACILITY,
COMMITTED FINANCING
    * ENOVIS CORP - DEAL ENTERPRISE VALUE CONSISTING OF A EUR
700
MILLION CASH PAYMENT AT CLOSING AND EUR 100 MILLION IN SHARES OF
ENOVIS COMMON STOCK

Source text for Eikon:  ID:nGNX6c66RC 
Further company coverage:  ENOV.N 

 ((Reuters.Briefs@thomsonreuters.com;))