Brief: Lagercrantz Acquires PCP Corporation

Lagercrantz AB

30/06/2022 11:48

June 30 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * LAGERCRANTZ ACQUIRES PCP CORPORATION A/S
    * ACQUIRED 95% OF SHARES IN DANISH GROUP PCP CORPORATION
A/S, A
PRODUCT COMPANY OF BESPOKE SAFETY SOLUTIONS
    * PCP GENERATED NET SALES OF 423 MDKK WITH AN EBITA PROFIT
OF 57
MDKK (13.6%) IN TWELVE MONTHS ENDING MAY 2022
    * JOHN NIELSEN, GROUP CEO OF PCP SINCE 2006, WILL REMAIN IN
HIS
POSITION AND RETAIN 5% OF SHAREHOLDING IN COMPANY
    * ACQUISITION WAS CONDUCTED AT A TOTAL ENTERPRISE VALUE OF
350
MDKK
    * PCP WILL BE PART OF LAGERCRANTZ DIVISION TECSEC AS OF JUNE
    * ACQUISITION IS EXPECTED TO GENERATE A POSITIVE ADDITION TO
LAGERCRANTZ' EARNINGS, ADDING APPROXIMATELY 0.20 SEK PER SHARE
BASED ON PERFORMANCE OF PCP IN LAST 12 MONTHS

Source text for Eikon:  ID:nWkr8Tb7l9 
Further company coverage:  LAGRb.ST 

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