Brief: Tomra Systems Acquires 80% Of Shares In C-Trace

Tomra Systems ASA

24/10/2024 15:55

Oct 24 (Reuters) - Tomra Systems ASA  TOM.OL :
    * ACQUISITION OF LEADING DIGITAL WASTE MANAGEMENT SOLUTION
PROVIDER C-TRACE
    * ACQUIRED 80% OF SHARES IN C-TRACE GMBH
    * HAS OPTION FOR REMAINING 20%, WHICH ARE HELD BY FOUNDERS,
AFTER
2 YEARS
    * C-TRACE REVENUES IN LAST TWELVE MONTHS AMOUNTED TO EUR 21
MILLION, WITH 23% IN ADJUSTED EBIT MARGIN
    * DEAL TO BE IMMEDIATELY ACCRETIVE, GENERATE STRONG CAPITAL
RETURNS TO TOMRA

Source text for Eikon:  ID:nObid5LcYa 
Further company coverage:  TOM.OL 

 (Reporting by Gdansk newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))