Brief: Lagercrantz To Acquire Arvika-Based Westmatic Invest AB

Lagercrantz AB

15/12/2021 15:35

Dec 15 (Reuters) - Lagercrantz Group AB  LAGRb.ST :
    * TO ACQUIRE ARVIKA-BASED WESTMATIC INVEST AB
    * WESTMATIC IS A SUPPLIER OF ENVIRONMENTALLY FRIENDLY AUTOMATED WASHING SYSTEMS FOR
HEAVY-DUTY
VEHICLES
    * WESTMATIC GENERATES ANNUAL REVENUE OF APPROXIMATELY MSEK 175 WITH A PROFORMA EBITA IN 2021
OF
APPROX. MSEK 25.
    * ACQUISITION IS PLANNED TO BE COMPLETED IN BEGINNING OF JANUARY 2022
    * WESTMATIC WILL BE PART OF NICHE PRODUCTS DIVISION
    * ACQUISITION IS EXPECTED TO GENERATE A SMALL POSITIVE ADDITION TO GROUP'S EARNINGS PER
SHARE ON
AN ANNUAL BASIS.

Source text for Eikon:  ID:nWkr6FYbXs 
Further company coverage:  LAGRb.ST 

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