Brief: Inission Norge Acquires Axxe

Inission AB

17/01/2024 14:26

Jan 17 (Reuters) - Inission AB  INISSb.ST :
    * GROWING IN NORWAY THROUGH THE ACQUISITION OF AXXE AS
    * THROUGH WHOLLY-OWNED SUBSIDIARY INISSION NORGE AS,
INISSION AB
HAS SIGNED AGREEMENT TO ACQUIRE 100% OF AXXE AS
    * AGREEMENT TAKES EFFECT ON 31 JANUARY 2024
    * PRICE FOR 50.1% OF THE SHARES IN AXXE AMOUNTS TO 27 MNOK
CORRESPONDING TO EV = 5XEBITDA AVERAGE FOR THE YEAR 2021 TILL
2023
    * ADDITIONAL PURCHASE PRICE FOR REMAINING 49.9% OF SHARES
CORRESPONDING TO EV = 6XEBITDA BASED ON AXXE'S AVERAGE RESULT IN
2024 UNTIL 2026
    * PAYMENT OF SHARES AT TIME OF ADMISSION IS FINANCED WITH
BANK
LOAN

Source text for Eikon:  ID:nWkr3ZJ3sW 
Further company coverage:  INISSb.ST 

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