Brief: Hanza Acquires Orbit One

Hanza AB

01/12/2023 07:03

Dec 1 (Reuters) - Hanza AB  HANZA.ST :
    * HANZA ACQUIRES ORBIT ONE
    * SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES IN ORBIT ONE AB,
A
SWEDISH COMPANY THAT OFFERS CONTRACT MANUFACTURING OF
ELECTRONICS AND ELECTROMECHANICS
    * PURCHASE PRICE FOR SHARES DEPENDS ON FINANCIAL STATEMENTS
FOR
NOVEMBER 2023 AND IS ESTIMATED TO SEK 367 MILLION
    * THERE IS AN ADDITIONAL PURCHASE PRICE BASED ON COMPANY'S
PERFORMANCE IN 2024, WHICH IS ONLY DUE IN EVENT OF AN
IMPROVEMENT IN EARNINGS COMPARED TO 2023, AND WHICH IS MAXIMIZED
AT SEK 91 MILLION
    * CLOSING IS SUBJECT TO REGULATORY APPROVALS, WHICH ARE
EXPECTED
TO BE RECEIVED BY EARLY JANUARY 2024 AT LATEST

Source text for Eikon:  ID:nWkr284Rgg 
Further company coverage:  HANZA.ST 

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