Brief: NCAB Group Acquires PreventPCB In Italy

NCAB AB (publ)

22/02/2021 12:02

Feb 22 (Reuters) - NCAB Group AB (publ)  NCAB.ST :
    * NCAB GROUP ACQUIRES PREVENTPCB IN ITALY
    * PURCHASE PRICE WAS SEK 185 MILLION WHICH CORRESPONDS TO A
MULTIPLE OF APPROXIMATELY 6 TIMES EBITA BEFORE POTENTIAL
SYNERGIES
    * ACQUIRED 100 PER CENT OF SHARES IN PREVENTPCB BASED IN
VERGIATE
OUTSIDE MILANO IN ITALY.
    * A FURTHER EARN OUT POTENTIAL OF SEK 25 MILLION MAY BE
ADDED IF
CERTAIN SALES TARGETS ARE MET IN 2021
    * ACQUISITION WILL BE ACCRETIVE TO EARNINGS PER SHARE IN
NCAB
GROUP IN 2021
    * COMBINED NET SALES OF PREVENTPCB AND NCAB ITALY WILL BE
APPROXIMATELY SEK 250 MILLION WITH A TOTAL OF 21 EMPLOYEES IN
ITALY.
    * SYNERGIES ARE EXPECTED IN AREAS OF PURCHASING POWER,
PAYMENT
TERMS AND FACTORY MANAGEMENT. ACQUISITION IS FINANCED BY OWN
FUNDS IN CASH.

Source text for Eikon:  ID:nMFN1k4t0J 
Further company coverage:  NCAB.ST 

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