Brief: MBH Corporation Expands Into Canada Through Acquisition Of BEP Engineering Services

MBH

24/02/2022 08:25

Feb 24 (Reuters) - MBH CORPORATION PLC  M8H.DE :
    * EXPANDS INTO CANADA THROUGH ACQUISITION OF BEP ENGINEERING
SERVICES
    * ACQUISITION BUILDS ON AMBITIONS TO GROW NUMBER OF NORTH
AMERICAN
COMPANIES IN MBH WHILST STRENGTHENING GROUP'S ENGINEERING
VERTICAL AND ADDING A FURTHER GBP0.5M IN REVENUE AND GBP0.1M IN
EBIT
    * HAS UTILISED APPROXIMATELY EUR34M OF ITS BOND PROGRAMME
LEAVING
A BALANCE OF EUR16M TO BE UTILISED IF REQUIRED
    * TOTAL CONSIDERATION FOR ACQUISITION OF BEP WILL BE
APPROXIMATELY
GBP0.5M TO GBP0.7M
    * WITH THIS ACQUISITION MBH PORTFOLIO NOW STANDS AT 28
COMPANIES
ACROSS 8 INDUSTRY SECTORS AND 6 COUNTRIES
    * THIS IS MBH'S FIRST ACQUISITION IN CANADA

Source text for Eikon:  ID:nEQ4MGDhTa 
Further company coverage:  M8H.DE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))