Brief: Momentum Group Acquires Mytolerans

Momentum AB

12/07/2022 10:44

July 12 (Reuters) - Momentum Group AB  MMGRb.ST :
    * STRENGTHEN ITS POSITION IN VALUE-CREATING INDUSTRIAL
SERVICES -
ACQUIRES MYTOLERANS
    * HAS TODAY SIGNED AN AGREEMENT TO ACQUIRE 70 PERCENT OF
SHARES IN
MYTOLERANS AB
    * MYTOLERANS HAS A TURNOVER OF APPROXIMATELY SEK 35 MILLION
AND 10
EMPLOYEES
    * MYTOLERANS WILL CONTINUE TO OPERATE AS AN INDEPENDENT
SUBSIDIARY
AND COMPETENCE CENTER UNDER CURRENT MANAGEMENT WITHIN SERVICES
BUSINESS AREA
    * CLOSING IS EXPECTED TO TAKE PLACE DURING AUGUST 2022 AND
ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE IMPACT ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR

Source text for Eikon:  ID:nMFN4BFtYW 
Further company coverage:  MMGRb.ST 

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