Brief: MedCap Acquires SurgiCube and Toul Meditech

MedCap AB (publ)

24/07/2023 13:40

July 24 (Reuters) - MedCap AB (publ)  MEDCAP.ST :
    * MEDCAP ACQUIRES SURGICUBE AND TOUL MEDITECH
    * SIGNED AN AGREEMENT TO ACQUIRE COMPANY SURGICUBE
INTERNATIONAL
B.V.
    * ACQUISITION INCLUDES BOTH SURGICUBE BUSINESS BASED IN
NETHERLANDS AND TOUL MEDITECH BUSINESS BASED IN SWEDEN.
    * SURGICUBE'S SALES IN LAST 12 MONTHS AMOUNTED TO APPROX.
3.7 MEUR
WITH ALMOST 24% EBITDA-MARGIN
    * MEDCAP PAYS 6 MEUR AND ADJUSTMENTS FOR NET DEBT / CASH AT
CLOSING ON JULY 24, 2023
    * IN ADDITION, MEDCAP SHALL PAY AN EARN-OUT UP TO 2 MEUR
BASED ON
GROSS PROFIT GROWTH UNTIL DECEMBER 2024

Source text for Eikon:  ID:nWkr9TQgT2 
Further company coverage:  MEDCAP.ST 

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