Brief: Momentum Group Acquires Börjesson Pipe Systems

Momentum AB

12/10/2022 14:03

Oct 12 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES BÖRJESSON PIPE SYSTEMS –
STRENGTHENS ITS
OFFERING IN PROFITABLE AND SUSTAINABLE FLOW TECHNOLOGY
    * SIGNED AN AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES IN
BÖRJESSON PIPE SYSTEMS AB
    * BPS IS A LEADING PLAYER IN SUSTAINABLE FLOW TECHNOLOGY
SOLUTIONS
AND PRODUCTS
    * ACQUISITION IS PARTIALLY PAID FOR BY TRANSFER OF 240,376
OWN B
SHARES TO SELLERS AT A PRICE PER SHARE OF SEK 62.40
    * BPS WILL CONTINUE TO BE RUN AS AN INDEPENDENT SUBSIDIARY
AND
COMPETENCE CENTER UNDER CURRENT MANAGEMENT WITHIN COMPONENTS
BUSINESS AREA IN ACCORDANCE WITH MOMENTUM GROUP'S PHILOSOPHY OF
DECENTRALIZED BUSINESS RESPONSIBILITY

Source text for Eikon:  ID:nMFN1FHJGp 
Further company coverage:  MMGRb.ST 
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