Brief: Tagmaster Acquires Citilog In France

TagMaster AB

28/04/2021 19:52

April 28 (Reuters) - TagMaster AB  TAGMb.ST :
    * TAGMASTER ACQUIRES CITILOG IN FRANCE
    * PURCHASE PRICE IS APPROX. EUR 3,4 MILLION ON A DEBT AND
CASH
FREE BASIS
    * ACQUISITION IS AN ALL-CASH TRANSACTION AND WILL BE FUNDED
THROUGH A COMBINATION OF NEW DEBT FACILITIES AND CASH AT HAND
    * APPROX. 28 MILLION SEK IS SECURED IN A NEW LOAN FOR DEAL
    * TAGMASTER AND CITILOG WILL CONTINUE TO COOPERATE WITH AXIS
AS
PARTNERS
    * PURCHASE PRICE WILL BE PAID IN FULL ON DEAL CLOSING
    * ACQUISITION IS EXPECTED TO CLOSE BY APRIL 30 2021
    * TAGMASTER - COMBINED CO WILL HAVE ENHANCED SCALE, REACH
WITH
2020 PROFORMA REVENUE, ADJUSTED EBITDA OF ABOUT SEK 345 MILLION
AND SEK 20 MILLION RESPECTIVELY

Source text for Eikon:  ID:nWkr1Chhcv 
Further company coverage:  TAGMb.ST 

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