Brief: H2O Innovation Acquires Remaining 76% Of Genesys Membrane Products, S.L.

H2O Innovation

01/02/2021 20:15

Feb 1 (Reuters) - H2O Innovation Inc  HEO.V :
    * H2O INNOVATION ACQUIRES A SPECIALTY PRODUCTS COMPANY
BOOSTING
ITS MEMBRANE CHEMICALS CAPABILITIES
    * H2O INNOVATION INC - TRANSACTION PAID THROUGH
CORPORATION'S
EXISTING WORKING CAPITAL
    * H2O INNOVATION INC - TRANSACTION IMMEDIATELY ACCRETIVE TO
CORPORATION'S EARNING PER SHARE
    * H2O INNOVATION INC - ANNOUNCES ACQUISITION, OF REMAINING
76% OF
ISSUED AND OUTSTANDING SHARES OF GENESYS MEMBRANE PRODUCTS, S.L.
    * H2O INNOVATION -DEAL VALUATION BASED ON MULTIPLE OF 6X
EBITDA,
PAID OVER 3 YRS WITH EARN-OUT BASED ON 2021 & 2022 GENESYS
MEMBRANE PRODUCTS'S EBITDA

Source text for Eikon:  urn:newsml:reuters.com:*:nGNX97z93b
Further company coverage:  HEO.V 

 ((Reuters.Briefs@thomsonreuters.com;))