Brief: Hexatronic Acquires Duct And Tube Manufacturer Weterings In The Netherlands

Hexatronic AB

01/07/2021 16:32

July 1 (Reuters) - Hexatronic Group AB  HTRO.ST :
    * REG-HEXATRONIC ACQUIRES DUCT AND TUBE MANUFACTURER
WETERINGS IN
THE NETHERLANDS
    * ENTERPRISE VALUE OF DEAL AMOUNTS TO APPROXIMATELY 5.6 MEUR
    * FIXED PURCHASE PRICE IS PAID PARTLY IN CASH AND PARTLY
THROUGH
NEWLY ISSUED SHARES
    * WETERINGS IS EXPECTED TO GENERATE AN EBITDA OF 1.6 MEUR IN
CURRENT YEAR
    * IN ADDITION TO PURCHASE PRICE HEXATRONIC WILL INVEST 3.4
MEUR TO
INCREASE CAPACITY
    * ACQUISITION IS BEING FINANCED BY A SENIOR BANK LOAN FROM
DANSKE
BANK

Source text for Eikon:  ID:nGNE6Z5shr 
Further company coverage:  HTRO.ST 

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