Brief: Vestum Acquires Galore I Uppsala

Vestum AB (publ)

02/02/2022 07:10

Feb 2 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM IS GROWING IN ELECTRICAL INSTALLATIONS THROUGH THE
ACQUISITION OF SPECIALIST COMPANY WITH SALES OF SEK 88.5M,
EBITDA OF SEK 8.5M AND EBITA OF SEK 7.1M
    * HAS AGREED TO ACQUIRE 100 PERCENT OF SHARES IN GALORE I
UPPSALA
AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 520,833 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.1%.
    * IN FISCAL YEAR OF 2021, GALORE GENERATED SALES OF SEK
88.5M WITH
AN EBITDA OF SEK 8.5M AND EBITA OF SEK 7.1M, CORRESPONDING TO AN
EBITDA MARGIN OF 9.6 PERCENT AND EBITA MARGIN OF 8.1 PERCENT.
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY TWO
WEEKS

Source text for Eikon:  ID:nBQN1TsQ8c 
Further company coverage:  VESTUM.ST 

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