Brief: EPTI Acquires Adhype

OODA AI publ AB

20/04/2022 06:49

April 20 (Reuters) - EPTI AB (publ)  EPTI.ST :
    * SAID ON TUESDAY ACQUIRED THROUGH ITS SUBSIDIARY EPTI
FACTORY AB,
100% OF SHARES IN SEO-COMPANY ADHYPE AB
    * DURING 2022 ADHYPE IS EXPECTED TO GENERATE NET SALES OF
SEK 8.2
MILLION AND CONTRIBUTE WITH EBITDA RESULT OF APPROXIMATELY SEK
7.5 MILLION TO EPTI FACTORY AB
    * PURCHASE PRICE AMOUNTS TO MAXIMUM OF APPROXIMATELY SEK 22
MILLION AND IS PAID WITH COMBINATION OF CASH AND NEWLY ISSUED
SHARES IN PARENT COMPANY EPTI
    * PARTIES ALSO AGREED ON AN ADDITIONAL PURCHASE PRICE OF SEK
5.5
MILLION TO BE PAID SIX MONTH AFTER COMPLETION OF TRANSACTION
CONDITIONED THAT CERTAIN CONDITIONS ARE MET

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN3swNpy
 Further company coverage:  EPTI.ST  

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