Brief: Beijer Electronics Group Acquires Irish Company Virtual Access

Ependion AB

30/10/2019 12:33

Oct 30 (Reuters) - Beijer Electronics Group AB  BELE.ST :
    * ACQUIRES THE IRISH COMPANY VIRTUAL ACCESS
    * VIRTUAL ACCESS HAS ABOUT 40 EMPLOYEES AND SALES OF
APPROXIMATELY
12 MEUR (ABOUT 130 MSEK) WITH A VERY GOOD PROFITABILITY AND ITS
OPERATIONS IS IN DUBLIN IN IRELAND
    * PURCHASE PRICE AMOUNTS TO 18 MEUR ON A CASH/DEBT-FREE
BASIS AND
IS PAID IN CASH AND FINANCED WITHIN GROUP'S EXISTING FINANCING
AGREEMENT
    * ACQUISITION WILL HAVE LIMITED IMPACT ON BEIJER GROUP'S
EARNINGS
IN 2019 AND IS EXPECTED TO CONTRIBUTE IN 2020 IN LINE WITH
WESTERMO'S PROFITABILITY LEVEL

Source text for Eikon:  ID:nWkr6KN9L8 
Further company coverage:  BELE.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))