Brief: Relais Acquires Workshop Equipment Business Of NDS In Norway

Relais Oyj

01/08/2023 10:38

Aug 1 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC EXPANDS IN NORWAY THROUGH THE ACQUISITION
OF
THE WORKSHOP EQUIPMENT BUSINESS OF NDS GROUP AS
    * ACQUIRED BUSINESS UNIT WILL BE CONSOLIDATED INTO RELAIS
GROUP
FROM BEGINNING OF AUGUST 2023
    * SIGNED AN AGREEMENT REGARDING ACQUISITION OF NORWEGIAN
WORKSHOP
EQUIPMENT BUSINESS UNIT OF NDS GROUP AS, COMPRISING ASSETS AND
PERSONNEL OF AUTOMATERIELL BUSINESS AND SHARES IN NORDIC LIFT AS
    * ENTERPRISE VALUE OF ACQUIRED BUSINESS UNIT IS
APPROXIMATELY NOK
70 MILLION AND PROVISIONAL PURCHASE PRICE IS APPROXIMATELY NOK
58 MILLION
    * ACQUISITION WILL BE FINANCED WITH EXISTING CASH RESERVES

Source text for Eikon:  ID:nWkr11wkSd 
Further company coverage:  RELAIS.HE 

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