Brief: Vestum Acquires Markax And Sister Company Redditum

Vestum AB (publ)

24/09/2021 07:04

Sept 24 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM CONTINUES TO EXPAND IN INFRASTRUCTURE THROUGH
ACQUISITION
OF SPECIALIST COMPANY WITH SALES OF SEK 194.9M, EBITDA OF SEK
20.0M AND EBITA OF SEK 14.5M
    * VESTUM AB (PUBL) - HAS AGREED TO ACQUIRE 100 PERCENT OF
SHARES
IN MARKAX AB AND SISTER COMPANY REDDITUM AB
    * VESTUM AB (PUBL) - PURCHASE PRICE WILL PARTLY BE FINANCED
THROUGH PAYMENT IN REVERSE
    * VESTUM AB (PUBL) - DURING LAST TWELVE MONTHS PER JUNE
2021,
MARKAX GENERATED SALES OF SEK 194.9M WITH AN EBITDA OF SEK 20.0M
AND EBITA OF SEK 14.5M, CORRESPONDING TO AN EBITDA MARGIN OF
10.3 PERCENT AND EBITA MARGIN OF 7.5 PERCENT
    * VESTUM AB (PUBL) - TRANSACTION IS EXPECTED TO BE COMPLETED
WITHIN APPROXIMATELY ONE WEEK.

Source text for Eikon:  ID:nBQN6GcP0s 
Further company coverage:  VESTUM.ST 

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