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HAKI B HAKI Safety AB News Story

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Brief: Haki Safety Acquires Supplier Of Aircraft Ground Support Equipment

Jan 29 (Reuters) - HAKI Safety AB HAKIb.ST:

HAKI SAFETY AB (PUBL): HAKI SAFETY ACQUIRES SUPPLIER OF AIRCRAFT GROUND SUPPORT EQUIPMENT

NEWBOW AEROSPACE'S TURNOVER OVER LAST TWELVE MONTHS AMOUNTED TO APPROXIMATELY SEK 40 M (GBP 3.3 M)

INITIAL PURCHASE PRICE AMOUNTS TO GBP 2.3 M ON A DEBT-FREE BASIS, INCLUDING WORKING CAPITAL ADJUSTMENTS

AN ADDITIONAL PURCHASE PRICE MAY BE DUE BASED ON NEWBOW AEROSPACE'S PERFORMANCE UNTIL APRIL 2026

ACQUISITION IS PAID IN CASH AND FINANCED WITHIN FRAMEWORK OF EXISTING CREDIT FACILITIES.

ADDITIONAL PURCHASE PRICE ESTIMATED AT GBP 1 M

GROUP'S DEBT RATIO TO TEMPORARILY EXCEED TARGET OF 2.5 TIMES

Source text: ID:nMFN3zWzhV

Further company coverage: [HAKIb.ST]

 (Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))

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