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)
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