Brief: ID Logistics Strengthens Presence In Poland With Acquisition Of Spedimex

Id Logistics SAS

22/03/2023 06:49

March 22 (Reuters) - Id Logistics SAS  IDLA.PA :
    * ID LOGISTICS STRENGTHENS ITS PRESENCE IN POLAND WITH THE
ACQUISITION OF SPEDIMEX
    * TRANSACTION PAID 70% IN ID LOGISTICS SHARES AND 30% IN
CASH
    * THE ACQUISITION IS EXPECTED TO BE COMPLETED BY JUNE 2023
    * KEEPING A SOUND FINANCIAL STRUCTURE WITH A 2022 DEBT RATIO
OF
1.9X EBITDA, UNCHANGED POST-ACQUISITION
    * THESE PAYMENT TERMS ALLOW ID LOGISTICS TO MAINTAIN A SOLID
FINANCIAL STRUCTURE POST-ACQUISITION, WITH A DEBT RATIO AS OF
DECEMBER 31, 2022 UNCHANGED AT 1.9X THE EBITDA PRE-IFRS 16.
    * THE TRANSACTION IS BASED ON AN ENTERPRISE VALUE OF PLN 350
MILLION (€74 MILLION) AND WILL BE PAID 70% IN NEW ID LOGISTICS
GROUP SHARES AND 30% IN CASH
    * THE COMPLEMENTARITY OF CUSTOMER PORTFOLIOS AND TECHNICAL
EXPERTISES BETWEEN SPEDIMEX AND ID LOGISTICS WILL ALSO ALLOW THE
DEVELOPMENT OF SIGNIFICANT COMMERCIAL SYNERGIES

Source text for Eikon:  ID:nBw3hMVjca 
Further company coverage:  IDLA.PA 

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