Brief: Beijer Electronics Group Buys Swiss Company Neratec

Ependion AB

08/07/2019 13:04

July 8 (Reuters) - Beijer Electronics Group AB  BELE.ST :
    * (PUBL) ACQUIRES THE SWISS COMPANY NERATEC
    * BEIJER GROUP'S BUSINESS ENTITY WESTERMO HAS TODAY ACQUIRED
100%
OF SWISS COMPANY NERATEC SOLUTIONS AG
    * NERATEC HAS ABOUT 25 EMPLOYEES AND A SALES OF
APPROXIMATELY 6,5
MCHF (62 MSEK) IN 2018 WITH A GOOD PROFITABILITY AND ITS
OPERATIONS IS IN BUBIKON IN SWITZERLAND
    * PURCHASE PRICE AMOUNTS TO 5 MCHF ON A CASH/DEBT-FREE BASIS
AND
IS PAID IN CASH
    * SMALLER PERFORMANCE-BASED CONSIDERATION WILL BE PAID LATER
IF
CERTAIN CRITERIA ARE MET
    * ACQUISITION WILL HAVE LIMITED IMPACT ON BEIJER GROUP'S
EARNINGS
IN 2019

Source text for Eikon:  ID:nWkr6NKRct 
Further company coverage:  BELE.ST 

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