Brief: Eqva Gets Business Combination With IMTAS

Eqva ASA

17/02/2025 06:03

Feb 17 (Reuters) - Eqva ASA  EQVA.OL :
    * EQVA SECURES LANDMARK BUSINESS COMBINATION WITH IMTAS,
EXPANDING
INTO NORTHERN NORWAY
    * ACQUISITION WILL BE CARRIED OUT BY EQVA'S WHOLLY OWNED
SUBSIDIARY EQVA INDUSTRIAL SOLUTIONS AS
    * ACQUISITION IS EXPECTED TO ADD NOK 376 MILLION IN
FINANCIAL YEAR
2024 REVENUE, FOR A COMBINED EQVA FINANCIAL YEAR REVENUE OF MORE
THAN NOK 1.5 BILLION
    * EIS WILL ACQUIRE IMTAS GROUP, VALUED AT NOK 190 MILLION IN
EV,
EXCLUDING LEASING LIABILITIES AND A CONDITIONAL EARN OUT OF UP
TO NOK 30 MILLION

Source text:  ID:nObiVH259a 
Further company coverage:  EQVA.OL 

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