Brief: Relais Group Acquires STS Sydhamnens Trailer Service

Relais Oyj

14/10/2021 10:55

Oct 14 (Reuters) - Relais Group Oyj  RELAIS.HE :
    * RELAIS GROUP PLC ACQUIRES SWEDEN'S LARGEST INDEPENDENT
COMMERCIAL VEHICLE REPAIR AND MAINTENANCE CHAIN, STS SYDHAMNENS
TRAILER SERVICE AB
    * CLOSING OF CORPORATE ACQUISITION IS ESTIMATED TO TAKE
PLACE
DURING NOVEMBER 2021
    * SELLER IS SYDHAMNENS TRAILER SERVICE HOLDING AB (FAIRFORD
HOLDINGS PRIVATE AB AND MARINUS FÖRETAGSKAPITAL I BROMMA AB)
    * PURCHASE PRICE FOR SHARES OF STS IS ESTIMATED TO BE 9.2
MEUR AND
IT WILL BE PAID IN CASH
    * AGREEMENT ALSO INCLUDES SELLERS' RIGHT TO AN ADDITIONAL
PURCHASE
PRICE OF A MAXIMUM OF 2.2 MEUR DEPENDING ON FINANCIAL RESULTS OF
STS FOR FINANCIAL YEAR 2021
    * CORPORATE ACQUISITION IS EXPECTED TO CREATE A SYNERGY
BENEFIT OF
0.5 - 1.0 MEUR FOR RELAIS, FULLY EFFECTIVE BY END OF 2023

Source text for Eikon:  ID:nWkr4ylFGl 
Further company coverage:  RELAIS.HE 

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