Brief: Nederman Acquires Duroair Technologies

Nederman Holding AB

30/08/2024 13:31

Aug 30 (Reuters) - Nederman Holding AB  NMAN.ST :
    * NEDERMAN ACQUIRES DUROAIR TECHNOLOGIES INC
    * ACQUISITION PRICE IMPLIES AN ENTERPRISE VALUE OF
APPROXIMATELY
CAD 11 MILLION
    * THERE IS A POTENTIAL EARN OUT OF UP TO CAD 4 MILLION
    * TURNOVER OF DUROAIR FOR 2023 WAS APPROXIMATELY CAD 10
MILLION,
AND TURNOVER FOR 2024 IS FORECAST TO EXCEED LAST YEAR'S.
    * ACQUISITION IS FUNDED BY CASH AND EXISTING BANK FACILITIES
    * ACQUIRED BUSINESS HAS AN EBITDA MARGIN APPROXIMATELY IN
LINE
WITH THAT OF NEDERMAN GROUP
    * ACQUIRED BUSINESS IS EXPECTED TO HAVE A POSITIVE IMPACT ON
EARNINGS PER SHARE FROM TODAY'S DATE

Source text for Eikon:  ID:nWkr724FJ1 
Further company coverage:  NMAN.ST 

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