Brief: Hanza Acquires Finnish Manufacturer Leden

Hanza AB

12/12/2024 06:34

Dec 12 (Reuters) - Hanza AB  HANZA.ST :
    * A BILLION SEK FINNISH MANUFACTURER
    * TO ACQUIRE 100% OF LEDEN GROUP OY SHARES
    * PURCHASE PRICE BASED ON MULTIPLE OF 7 FOR EBITA 2025
    * CASH PORTION OF PURCHASE PRICE IS EUR 21 MILLION
    * 2.3 MILLION HANZA SHARES VALUED AT EUR 14 MILLION
    * PURCHASE PRICE MAY INCREASE BY MAX. EUR 15 MILLION BASED
ON
LEDEN'S 2025 EARNINGS
    * ACQUISITION EXPECTED TO CONCLUDE IN Q1 2025 PENDING
APPROVALS
    * REITERATES 2025 TARGETS OF SEK 6.5 BILLION SALES, 8%
OPERATING.
MARGIN

Source text:  ID:nWkr1ZsL4m 
Further company coverage:  HANZA.ST 

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