Brief: Sedana Medical To Acquire Innovatif Cekal For Purchase Price Of 34 Mln SEK

Sedana Medical AB (publ)

22/07/2024 19:04

July 22 (Reuters) - Sedana Medical AB (publ)
 SEDANA.ST :
    * SEDANA MEDICAL TO ACQUIRE ITS MAIN SUPPLIER TO TAKE
CONTROL OF
SUPPLY CHAIN AND REDUCE COST OF GOODS
    * SEDANA: PURCHASE PRICE OF 34 MSEK ON A CASH & DEBT FREE
BASIS
WILL BE FINANCED WITH EXISTING CASH.
    * SM WILL FINANCE TRANSACTION WITH EXISTING CASH
    * SEDANA MEDICAL: ACQUISITION IS EXPECTED TO HAVE A NET
POSITIVE
IMPACT ON SM'S CASH FLOW FROM OPERATIONS FROM 2025
    * SEDANA MEDICAL - BASED ON IC'S FINANCIAL RESULT FOR FY
2023,
PURCHASE PRICE CORRESPONDS TO AN EBITDA MULTIPLE OF 4.3X AND A
P/E MULTIPLE OF 5.7X
    * ENTERED INTO AN AGREEMENT TO ACQUIRE INNOVATIF CEKAL

Source text for Eikon:  ID:nWkr14rgqc 
Further company coverage:  SEDANA.ST 

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