Brief: Eurobio Scientific Acquires DID In Italy

Eurobio Scientific SA

13/06/2023 06:39

June 13 (Reuters) - Eurobio Scientific SA  ALERS.PA :
    * EUROBIO SCIENTIFIC CONTINUES ITS INTERNATIONAL DEVELOPMENT
WITH
THE ACQUISITION OF DID IN ITALY, EUROPE'S THIRD LARGEST
DIAGNOSTICS MARKET
    * ACQUISITION IS EXPECTED TO BE FINALIZED WITHIN
APPROXIMATELY 45
DAYS
    * IN 2022, DID GENERATED EUR 26.8 MILLION IN REVENUE.
ACQUISITION,
FINANCIAL TERMS OF WHICH ARE NOT DISCLOSED, WILL BE PAID FOR IN
CASH
    * ACQUISITION ALLOWS EUROBIO SCIENTIFIC TO PURSUE ITS
EUROPEAN
DEVELOPMENT STRATEGY
    * ACQUISITION, FINANCIAL TERMS OF WHICH ARE NOT DISCLOSED,
WILL BE
PAID FOR IN CASH
    * ANNOUNCES SIGNING OF AN AGREEMENT TO ACQUIRE 100% OF
CAPITAL OF
DIAGNOSTIC INTERNATIONAL DISTRIBUTION SPA

Source text for Eikon:  ID:nGNE2jr0qf 
Further company coverage:  ALERS.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587696600;))