Brief: Sievi's HTJ Acquires Infrap

KH Oyj

12/05/2022 10:02

May 12 (Reuters) - Sievi Capital Oyj  SIEVI.HE :
    * HTJ STRENGTHENS INFRASTRUCTURE SECTOR THROUGH AN
ACQUISITION
    * ACQUISITION EXPANDS HTJ'S EXPERTISE IN INFRASTRUCTURE AND
INDUSTRIAL CONSTRUCTION, BOTH GEOGRAPHICALLY AND IN TERMS OF
SERVICE OFFERING
    * TRANSACTION HAS NO IMPACT ON SIEVI CAPITAL'S SHAREHOLDING
IN HTJ
HOLDING OY
    * HTJ FUNDED ACQUISITION WITH LOAN FINANCING AND CASH
    * TARGET COMPANY HTJ HOLDING OY HAS TODAY ACQUIRED SHARE
CAPITAL
OF INFRAP OY THROUGH ITS SUBSIDIARY RAKENNUTTAJATOIMISTO HTJ OY
    * IN 2021, INFRAP'S NET SALES WERE APPROXIMATELY EUR 4.5
MILLION
AND EBITDA WAS APPROXIMATELY EUR 0.9 MILLION

Source text for Eikon:  ID:nGNE4VSKq9 
Further company coverage:  SIEVI.HE 

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