Brief: Nolato Acquires US Based Medtech Manufacturer

Nolato AB

06/08/2020 06:08

Aug 6 (Reuters) - Nolato AB  NOLAb.ST :
    * NOLATO ACQUIRES US-BASED MEDTECH MANUFACTURER WITH ANNUAL SALES OF APPROXIMATELY SEK 1.8
BILLION
    * ACQUISITION IS BEING FUNDED USING OWN CASH FUNDS AND NEW CREDIT AGREEMENTS
    * FOLLOWING REQUISITE US REGULATORY APPROVALS, TRANSACTION IS EXPECTED TO BE COMPLETED IN
SEPTEMBER, WHEN BUSINESS WILL BE CONSOLIDATED INTO GROUP, RESULTING IN A MARGINAL BOOST TO
NOLATO'S EARNINGS PER SHARE FOR CURRENT YEAR.
    * ACQUISITION PROVIDES US WITH SIGNIFICANT VOLUMES AND A STRONG POSITION ON KEY NORTH
AMERICAN
CONTINENT
    * ACQUISITION IS BEING FUNDED USING OWN CASH FUNDS AND NEW CREDIT AGREEMENTS.

Source text for Eikon:  ID:nWkr3yx0g0 
Further company coverage:  NOLAb.ST 

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