Brief: Seamless Distribution Systems Acquires eServGlobal Holding

Seamless Distribution Systems AB

04/06/2019 11:06

June 4 (Reuters) - Seamless Distribution Systems Ab
 SDSY.ST :
    * SDS ACQUIRES ESERVGLOBAL HOLDING SAS
    * A PURCHASE PRICE OF TWO (2) MILLION EURO (21.4 MILLION
SEK)
    * ACQUISITION STRENGTHENS SDS OPERATIONAL EFFICIENCY BY
INCREASING
ITS PRODUCT PORTFOLIO WITH COMPLEMENTARY PRODUCTS FROM
ESERVGLOBAL
    * AT SAME TIME TWO NEW MAJOR DEVELOPMENT AND TECHNOLOGY
CENTERS IN
FRANCE AND ROMANIA WILL BE ADDED
    * TODAY SIGNED AN AGREEMENT TO ACQUIRE ALL SHARES AND ASSETS
IN
ESERVGLOBAL HOLDING SAS
    * SIGNIFICANT BUSINESS SYNERGIES IN TERMS OF PROFITABILITY
AND
GROWTH ARE EXPECTED TO EMERGE AS EARLY AS 2020 BUT FULL EFFECT
WOULD BE VISIBLE IN 2021
    * ACQUISITION OF ESERVGLOBAL WILL INITIALLY BE FINANCED
USING AN
ACQUISITION LOAN ARRANGED BY HANDELSBANKEN AND A BRIDGE LOAN
FROM PRIVATE INVESTORS
    * BRIDGE LOAN IS FOR A PERIOD OF 6 MONTHS FROM DATE OF
TRANSACTION
    * BRIDGE LOAN HAS AN ANNUAL INTEREST RATE OF 15% AND CAN BE
REPAID
IN FULL OR IN PART IN ADVANCE

Source text for Eikon:  ID:nBQN7d0T8V 
Further company coverage:  SDSY.ST 

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