Brief: Vestum Acquires Norwegian Niche Company With Sales Of NOK 100 Million

Vestum AB (publ)

31/03/2022 07:10

March 31 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM STRENGTHENS ITS POSITION IN PERIMETER SECURITY
THROUGH
ACQUISITION OF NORWEGIAN NICHE COMPANY WITH SALES OF NOK 100
MILLION
    * HAS - THROUGH VESTUM NORWAY AS - AGREED TO ACQUIRE 100% OF
SHARES IN ØSTCOM AS ("ØSTCOM")
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 1,001,706 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * IN FISCAL YEAR OF 2021, ØSTCOM GENERATED SALES OF NOK 100
MILLION

Source text for Eikon:  ID:nMFN7nDM6X 
Further company coverage:  VESTUM.ST 

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