Brief: Icape Holding Acquires Mon Print For EUR 0.7 Mln

Icape Holding SA

29/08/2022 06:36

Aug 29 (Reuters) - Icape Holding SA  ALICA.PA :
    * ICAPE HOLDING ACQUIRES MON PRINT, ONE OF THE LEADING
SUPPLIERS
OF PCB SOLUTIONS IN DENMARK
    * PURCHASE PRICE AMOUNTS TO EUR 0.7 MILLION
    * PURCHASE PRICE MAY BE SUBJECT TO ADDITIONAL PAYMENTS
DEPENDING
ON MON PRINT’S 2022 AND 2023 RESULTS
    * ACQUISITION WILL BE CONSOLIDATED FROM JANUARY 1ST, 2022
AND IS
FULLY FINANCED BY ICAPE HOLDING IN CASH
    * MON PRINT EXPECTS MON PRINT’S ANNUAL SALES TO GROW BY
SLIGHTLY
MORE THAN 10% AND ITS EBIT MARGIN TO SIGNIFICANTLY IMPROVE IN
2022
    * NEW ENTITY WILL BE NAMED ICAPE DENMARK AND WILL BE
INTEGRATED AS
A SUBSIDIARY OF ICAPE HOLDING
    * WE ARE CONFIDENT TO COMPLETE SEVERAL OTHER ACQUISITIONS BY
END
OF YEAR, WITH SAME OBJECTIVE OF GENERATING COMMERCIAL AND
PURCHASING SYNERGIES, IN LINE WITH OUR PROFITABLE GROWTH
OBJECTIVES-CEO

Source text for Eikon:  ID:nBw4j7NKqa 
Further company coverage:  ALICA.PA 

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