Brief: Invisio Acquires Racal Acoustics

Invisio AB

22/12/2020 01:31

Dec 21 (Reuters) - Invisio AB  IVSO.ST :
    * INVISIO ACQUIRES RACAL ACOUSTICS, A WORLD-LEADING UK-BASED
SUPPLIER OF COMMUNICATION AND HEARING PROTECTION SOLUTIONS
    * PURCHASE PRICE TO BE PAID BY INVISIO IS APPROXIMATELY SEK
170
MILLION AND IS EXPECTED TO BE CASH AND DEBT-FINANCED.
    * ACQUISITION IS EXPECTED TO CONTRIBUTE TO INVISIO'S REVENUE
FOR
2021 WITH MORE THAN SEK 130 MILLION AND WITH A POSITIVE RESULT
    * NO MATERIAL INTEGRATION COSTS ARE ANTICIPATED
    * UNDER TERMS OF ACQUISITION, INVISIO WILL ALSO ACQUIRE
RACAL
ACOUSTICS INC

Source text for Eikon:  ID:nWkrn3163 
Further company coverage:  IVSO.ST 

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