Brief: NTG Nordic Transport Group Says Acquires ITC Logistics For 56.9 Mln Euros

NTG Nordic Transport AS

18/09/2024 19:09

Sept 18 (Reuters) - NTG Nordic Transport Group AS
 NTGNT.CO :
    * NTG NORDIC TRANSPORT GROUP ACQUIRES ITC LOGISTICS
    * NTG NORDIC TRANSPORT GROUP AS - TO ACQUIRE 100% OF ITC
LOGISTICS
AND 70% OF HAARHAUS
    * NTG NORDIC TRANSPORT GROUP AS - TRANSACTION VALUES 100% OF
ITC
SHARES AT EUR 56.9 MILLION
    * NTG NORDIC TRANSPORT GROUP AS - REMAINING 80% OF PURCHASE
PRICE
TO BE FINANCED WITH CASH AND CREDIT
    * NTG NORDIC TRANSPORT GROUP AS- HE TRANSACTION VALUES 100%
OF
SHARES IN ITC AT EUR 56.9 MILLION ON A CASH AND DEBT FREE BASIS.
    * NTG NORDIC TRANSPORT GROUP AS - TO PAY 20% OF PURCHASE
PRICE IN
SHARES
    * NTG NORDIC TRANSPORT GROUP AS - TRANSACTION EXPECTED TO
CLOSE
BEFORE YEAR-END 2024
    * NTG NORDIC TRANSPORT GROUP AS- NOT EXPECTED TO HAVE ANY
MATERIAL
IMPACT ON NTG'S 2024 EARNINGS.
    * NTG NORDIC TRANSPORT GROUP AS - ADDITIONAL EARN-OUT
PAYMENT OF
EUR 3.6 MILLION POSSIBLE IN 2026
    * NTG NORDIC TRANSPORT GROUP AS - EXPECTS ANNUAL SYNERGIES
OF EUR
2.3 MILLION FROM ITC INTEGRATION

Source text for Eikon:  ID:nGNE7ljVZJ 
Further company coverage:  NTGNT.CO 

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