Brief: Lagercrantz Acquires Nordic Road Safety

Lagercrantz AB

22/12/2023 17:16

Dec 22 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * LAGERCRANTZ ACQUIRES NORDIC ROAD SAFETY
    * LAGERCRANTZ HAS TODAY SIGNED AN AGREEMENT TO ACQUIRE 85%
OF
SHARES OF NORDIC ROAD SAFETY AB (NRS)
    * : SEVERAL OF SELLING PARTNERS WILL CONTINUE IN THEIR
POSITIONS
AND RETAIN 15% MINORITY OWNERSHIP IN COMPANY
    * ACQUISITION IS COMPLETED AT A SO-CALLED EV/EBITA MULTIPLE
OF
6.5, EXCLUDING A POTENTIAL EARN-OUT
    * LAGERCRANTZ GROUP -ACQUISITION IS SUBJECT TO APPROVAL BY
AUTHORITIES, WHICH IS NOW TAKING PLACE AHEAD OF AN ANTICIPATED
CLOSING IN MARCH 2024
    * LAGERCRANTZ GROUP -  ACQUISITION IS EXPECTED TO GENERATE A
SMALL
POSITIVE CONTRIBUTION TO LAGERCRANTZ GROUP'S EARNINGS PER SHARE
ON AN ANNUAL BASIS

Source text for Eikon:  ID:nWkr8D84ks 
Further company coverage:  LAGRb.ST 

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