Brief: Nederman Acquires Auburn FilterSense LLC

Nederman Holding AB

28/03/2018 15:04

March 28 (Reuters) - Nederman  NMAN.ST :
    * ACQUIRES AUBURN FILTERSENSE LLC, A LEADING PROVIDER OF
PARTICULATE MONITORS AND FILTER CONTROL SOLUTIONS.
    * ‍HAS SIGNED AN AGREEMENT TO ACQUIRE A 100% INTEREST IN
AUBURN
FILTERSENSE LLC​
    * ‍ACQUISITION PRICE ON A CASH AND DEBT FREE BASIS,
AMOUNTING TO
APPROXIMATELY USD 5.75 MILLION​
    * ‍COMPLETION OF ACQUISITION IS EXPECTED TO BE IN EARLY
APRIL
2018​
    * ‍POTENTIAL MAXIMUM EARN-OUT PAYMENT OF USD 2.5 MILLION
BASED ON
PROFITABILITY FOR 2018 AND 2019​
    * ACQUISITION PRICE ‍IS FUNDED BY A COMBINATION OF CASH AND
EXISTING BANK FACILITIES.​
    * ‍AUBURN FILTERSENSE LLC IS BASED IN BEVERLY,
MASSACHUSETTS,
USA.​

Source text for Eikon:  ID:nWkr78BTsK 
Further company coverage:  NMAN.ST 

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