Brief: Nordic Waterproofing Acquires Urban Green AB

Nordic Waterproofing Holding AB

18/03/2021 10:07

March 18 (Reuters) - Nordic Waterproofing Holding AB
 NWHD.ST :
    * NORDIC WATERPROOFING ACQUIRES URBAN GREEN AB, A LEADING
PROVIDER
OF GREEN SOLUTIONS IN URBAN ENVIRONMENTS
    * HAS ACQUIRED SWEDISH COMPANY URBAN GREEN AB ("URBAN
GREEN"),
TRADING IN COMPANY IS OFFERED INDIRECTLY THROUGH UG PARTNER
SWEDEN AB THROUGH PEPINS
    * ACQUISITION IS PART OF OUR STRATEGY TO PROMOTE
SUSTAINABILITY BY
ESTABLISHING GREEN ENVIRONMENTS FOR ROOF LANDSCAPES
    * SUBSIDIARY NORDIC WATERPROOFING GROUP AB HAS ACQUIRED
SHARES IN
URBAN GREEN AB FOR AN ENTERPRISE VALUE OF SEK 55 MILLION
    * TRANSACTION WAS CLOSED IN CONNECTION WITH SIGNING OF
AGREEMENT
ON MARCH 18, 2021
    * ACQUISITION IS EXPECTED TO HAVE A SMALL POSITIVE EFFECT ON
NORDIC WATERPROOFING'S EARNINGS PER SHARE IN 2021 WITHIN
PRODUCTS & SOLUTIONS SEGMENT
    * COSTS RELATED TO TRANSACTION AMOUNT TO APPROXIMATELY SEK 1
M AND
WILL BE ACCOUNTED FOR IN Q1 OF 2021.

Source text for Eikon:  ID:nWkrhjfQv 
Further company coverage:  NWHD.ST 

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