Brief: Hiab Acquires Refuse Collection Vehicle Manufacturer Labrie Environmental Group

Hiab Oyj

01/06/2026 06:43

June 1 (Reuters) - Hiab Oyj HIAB.HE:
ACQUIRES REFUSE COLLECTION VEHICLE MANUFACTURER LABRIE ENVIRONMENTAL GROUP
ACQUISITION FROM WYNNCHURCH CAPITAL, L.P. AND MANAGEMENT MINORITY SHAREHOLDERS 
ACQUISITION AT AN ENTERPRISE VALUE OF USD 1,035 MILLION
TRANSACTION VALUE REPRESENTS A MULTIPLE OF APPROXIMATELY 9.2X THE COMPANY’S END OF MARCH 2026 LTM COMPARABLE EBITDA
ENTERED INTO A COMMITTED FINANCING ARRANGEMENT WITH DANSKE BANK A/S AND OP CORPORATE BANK TO SECURE THE FUNDING FOR THE ACQUISITION
PLANNED FINANCING WOULD HAVE RESULTED IN A PRO FORMA GEARING OF APPROXIMATELY 70 PERCENT, COMPARED TO THE COMPANY’S TARGET OF BELOW 50 PERCENT
Source text: ID:nMFN8p3Z5c
Further company coverage: HIAB.HE

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