Brief: NCAB Acquires Electronic Advanced Circuits S.L. In Spain

NCAB AB (publ)

31/10/2023 13:57

Oct 31 (Reuters) - NCAB Group AB (publ)  NCAB.ST :
    * NCAB ACQUIRES ELECTRONIC ADVANCED CIRCUITS S.L. IN SPAIN
AND
OPENS A NEW COMPANY IN PORTUGAL
    * TRANSACTION IS ESTIMATED TO CLOSE IN NOVEMBER 2023.
    * TRANSACTION IS ESTIMATED TO CLOSE IN NOVEMBER 2023
    * ELECTRONIC ADVANCED CIRCUITS S. L. EXPECTS TO REACH NET
SALES OF
19 MSEK IN 2023 WITH AN ESTIMATED EBITA MARGIN OF ABOUT 15%
    * ACQUISITION IS EXPECTED TO BE EARNINGS ACCRETIVE FOR NCAB
GROUP
IN 2024
    * PURCHASE PRICE IS 14 MSEK WITH A POTENTIAL EARN-OUT CAPPED
AT A
MAXIMUM AMOUNT OF 4 MSEK.
    * SYNERGIES ARE EXPECTED IN AREAS OF SUPPLIERS, PAYMENT
TERMS AND
LOGISTICS

Source text for Eikon:  ID:nMFN3D6rnn 
Further company coverage:  NCAB.ST 

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