Brief: Studsvik Enters Into Agreement To Acquire Extrem Borr Och Sågteknik AB

Studsvik AB

14/06/2024 17:03

June 14 (Reuters) - Studsvik AB  SVIK.ST :
    * STUDSVIK ENTERS INTO AGREEMENT TO ACQUIRE EXTREM BORR OCH
SÅGTEKNIK AB
    * UNDER AGREEMENT ACQUISITION IS SET TO TAKE PLACE ON 1 JULY
2024
    * UNDER AGREEMENT STUDSVIK WILL PAY AN INITIAL PURCHASE
CONSIDERATION OF SEK 35 MILLION
    * ACQUISITION IS EXPECTED TO HAVE A POSITIVE IMPACT ON
COMPANY'S
RESULTS IN 2024
    * : ACQUISITION IS EXPECTED TO HAVE A POSITIVE IMPACT ON
COMPANY'S
RESULTS IN 2024
    * UNDER DEAL CO WILL PAY ADDITIONAL PURCHASE CONSIDERATION
OF UP
TO 7% OF INITIAL AMOUNT FOR 3 YEARS, BASED ON EBS ACHIEVING SET
FINANCIAL GOALS

Source text for Eikon:  ID:nWkr212hSJ 
Further company coverage:  SVIK.ST 

 ((Reuters.Briefs@thomsonreuters.com;))