Brief: Nederman Buys Finland-Based Gasmet Technologies

Nederman Holding AB

09/12/2019 15:52

Dec 9 (Reuters) - Nederman Holding AB  NMAN.ST :
    * ACQUIRES GASMET TECHNOLOGIES OY , THE WORLD LEADER IN FTIR GAS ANALYSIS AND EMISSIONS
MONITORING
SYSTEMS
    * ACQUISITION PRICE AMOUNTS TO AN ENTERPRISE VALUE OF APPROXIMATELY EUR 56 MILLION ON A CASH
AND
DEBT FREE BASIS
    * POSITIVE IMPACT ON EARNINGS PER SHARE IS NOT EXPECTED TO START UNTIL 2020
    * ACQUIRED BUSINESS HAS AN EBITDA MARGIN IN EXCESS OF THAT OF NEDERMAN GROUP, THOUGH DUE TO
ACQUISITION COSTS AND SHORT PERIOD OF NEDERMAN OWNERSHIP DURING 2019

Source text for Eikon:  ID:nWkr9gFWqg 
Further company coverage:  NMAN.ST 

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