Brief: Vindico To Acquire Two Companies, Form New Business Area

Sustainion AB

23/12/2020 06:44

Dec 23 (Reuters) - Vindico Group AB  VISE.TE :
    * SAID ON TUESDAY AGREED ON ACQUISITION OF EHC INTRESSENTER
AB AND
STENHÖJ SVERIGE AB (CHANGE OF NAME TO ENVIROCLEAN AB)
    * PURCHASE PRICE FOR EHC IS ABOUT SEK 37.5 MILLION
    * PURCHASE PRICE FOR ENVIROCLEAN AT ABOUT SEK 12 MILLION
    * EHC AND ENVIROCLEAN TO FORM NEW BUSINESS AREA WITHIN
VINDICO
CALLED MILJÖTEKNIK
    * FINANCIAL TARGET: 10-25% ORGANIC GROWTH PER YEAR
    * FINANCIAL TARGET: EBITDA MARGIN OF 12%
    * TO PROPOSE NAME CHANGE FOR VINDICO TO SUSTAINION GROUP AB
    * MAGNUS GREKO PROPOSED AS NEW CHAIRMAN

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nWkr10TV98
    
 Further company coverage:  VISE.TE  
   


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