Brief: Purmo Group Acquires Nordic Thermotech Group

Purmo Oyj

01/03/2022 11:20

March 1(Reuters) - Purmo Group Oyj  PURMO.HE :
    * PURMO GROUP EXPANDS ITS OFFERING IN UNDERFLOOR HEATING
SYSTEMS
BY ACQUIRING NORDIC THERMOTECH GROUP
    * ACQUISITION IS PURMO GROUP'S FIRST ONE AS A PUBLIC LISTED
COMPANY AND IS VALUED AT SEK 265 MLN
    * PURCHASE PRICE FOR SHARES IS APPROXIMATELY SEK 195 MLN
(EUR 18.4
MLN)
    * REMAINDER OF TRANSACTION PRICE WILL BE PAID IN CASH AND
FINANCED
WITH A BANK LOAN.
    * SELLERS ARE ENTITLED TO RECEIVE A MAXIMUM EARN-OUT
CONSIDERATION
OF SEK 60 MLN (EUR 5.7 MLN) PAYABLE IN CASH

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nMFN32ntNl
 Further company coverage:  PURMO.HE  

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