Brief: Fasadgruppen Acquires Clear Line

Fasadgruppen AB (publ)

29/10/2024 15:36

Oct 29 (Reuters) - Fasadgruppen Group AB (publ)  FG.ST :
    * FASADGRUPPEN ACQUIRES CLEAR LINE, A SPECIALISED
FULL-SERVICE
CONTRACTOR IN FAÇADES AND FAÇADE FIRE REMEDIATION IN THE UK
    * TOTAL CONSIDERATION OF GBP 119.9 MILLION ON A CASH AND
DEBT FREE
BASIS
    * FOR ROLLING TWELVE MONTH PERIOD ENDED 30 JUNE 2024, CLEAR
LINE
GENERATED NET SALES OF GBP 48.9M WITH AN ADJUSTED EBITA OF
APPROXIMATELY GBP 21.7M
    * ACQUISITION ESTABLISHES FASADGRUPPEN IN UK, WHERE MARKET
FOR
FACADES IS ESTIMATED TO BE WORTH AROUND GBP 10.5 BILLION PER
YEAR
    * ACQUISITION IS EXPECTED TO CONTRIBUTE TO GROUP'S VALUE
CREATION
    * BELIEVES THAT CLEAR LINE, TOGETHER WITH GROUP'S EXISTING
SUBSIDIARIES, WILL OVER TIME BE ABLE TO ACHIEVE SYNERGIES ON
PURCHASING SIDE
    * IS FINANCING CASH PART OF ACQUISITION WITH CREDIT
FACILITIES OF
GBP 48.4 MILLION

Source text:  ID:nMFN9Hv7RS 
Further company coverage:  FG.ST 

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