Brief: Stockwik Forvaltning Acquires Trainparts Sweden
05/05/2022 09:28
May 5 (Reuters) - Stockwik Forvaltning AB STWK.ST :
* ACQUIRES TRAINPARTS SWEDEN
* TRAINPARTS IS LOCATED IN BOLLNÄS AND HAS ABOUT 8 EMPLOYEES
* THE BUSINESS HAS BEEN IN OPERATION SINCE 1989
* THE TRANSACTION IS ON A DEBT-FREE BASIS AT AN EBITDA
MULTIPLE OF
JUST OVER 5.5X
* FOR THE LATEST TWELVE-MONTH PERIOD ENDED 31 MARCH 2022
TRAINPART'S NET SALES AMOUNTED TO JUST UNDER SEK 17 MILLION
* FOR THE LATEST TWELVE-MONTH PERIOD ENDED 31 MARCH 2022
TRAINPART'S EBITDA AMOUNTED TO JUST UNDER SEK 3 MILLION
* THE TRANSACTION IS EFFECTIVE MAY 1, 2022
* TRAINPARTS WILL BE CONSOLIDATED INTO THE INDUSTRY SEGMENT
Source text for Eikon: ID:nGNEmS6sm
Further company coverage: STWK.ST
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