Brief: Troax Acquires Claitec Solutions

Troax AB (publ)

03/05/2022 11:40

May 3 (Reuters) - Troax Group AB (publ)  TROAX.ST :
    * TROAX AB ACQUIRES CLAITEC SOLUTIONS S.L
    * TRANSACTION COSTS OCCURRING DURING Q2 IS NOT EXPECTED TO
BE
MATERIAL
    * ACQUISITION WILL BE FINANCED WITHIN TROAX'S EXISTING CASH
ON A
CASH-FREE/DEBT-FREE BASIS.
    * A PERFORMANCE-BASED ADDITIONAL PAYMENT MAY OCCUR DURING
2022-2024 CONDITIONAL ON A CONTINUED HIGH OPERATING PROFIT AND
GROWTH
    * TRANSACTION IS EXPECTED TO CLOSE TODAY
    * ACQUISITION IS NOT EXPECTED TO MATERIALLY AFFECT TROAX
EARNING
PER SHARE OR NET DEBT / EBITDA
    * CLAITEC TURNOVER IS 2 MEUR WITH A SOLID PROFITABILITY

Source text for Eikon:  ID:nWkrmcW0Y 
Further company coverage:  TROAX.ST 

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