Brief: Vestum Acquires Marbit

Vestum AB (publ)

14/02/2022 07:02

Feb 14 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM STRENGTHENS ITS POSITION IN INFRASTRUCTURE THROUGH
ACQUISITION OF SPECIALIST GROUP WITH SALES OF SEK 238M, EBITDA
OF SEK 25M AND EBITA OF SEK 22M
    * HAS AGREED TO ACQUIRE 100% OF SHARES IN MARBIT AB
INCLUDING
SUBSIDIARIES
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 1,227,161 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.3%
    * MARBIT WILL BE INCLUDED IN VESTUM'S INFRASTRUCTURE SEGMENT
    * IN FISCAL YEAR OF 2020/2021, MARBIT GENERATED SALES OF SEK
238M
WITH AN EBITDA OF SEK 25M AND EBITA OF SEK 22M
    * MARBIT'S FINANCIALS ARE EXPECTED TO BE CONSOLIDATED INTO
VESTUM
FROM Q1 2022
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY SIX
WEEKS

Source text for Eikon:  ID:nBQN5YWNf7 
Further company coverage:  VESTUM.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))