Brief: Maxiparts Announces Acquisition Of Truckzone Group And A$25M Equity Raise

Maxiparts

31/01/2022 22:57

Feb 1 (Reuters) - Maxiparts Ltd  MXI.AX :
    * ACQUISITION OF TRUCKZONE GROUP AND A$25M EQUITY RAISE
    * COST SYNERGIES OF A$2.5M EXPECTED TO BE FULLY REALISED IN
FY24
PLUS ADDITIONAL REVENUE SYNERGIES
    * A$25M EQUITY RAISE CONSISTING OF INSTITUTIONAL PLACEMENT
TO
RAISE A$15.4M
    * TO ACQUIRE INVENTORY AND ASSETS OF TRUCKZONE GROUP FOR AN
ESTIMATED A$18.0M IN CASH
    * EQUITY RAISE WILL BE ISSUED AT A PRICE OF A$2.50 PER NEW
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