Brief: Vestum Acquires Norwegian Niche Company With Sales Of NOK 44 Million

Vestum AB (publ)

20/06/2022 07:08

June 20 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM STRENGTHENS ITS POSITION IN ELECTRICAL
INSTALLATIONS
THROUGH ACQUISITION OF NORWEGIAN NICHE COMPANY WITH SALES OF NOK
44 MILLION
    * AGREED TO ACQUIRE 100% OF SHARES IN AKERSHUS ELEKTRO AS
    * AKERSHUS ELEKTRO WILL BE INCLUDED IN VESTUM'S SERVICES
SEGMENT
    * PURCHASE PRICE WILL BE PAID THROUGH PAYMENT IN CASH AND
ISSUANCE
OF SHARES IN VESTUM, RESULTING IN A DILUTION OF APPROXIMATELY
0.2%
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY ONE
WEEK
    * AKERSHUS ELEKTRO'S FINANCIALS ARE EXPECTED TO BE
CONSOLIDATED
INTO VESTUM FROM JUNE 2022

Source text for Eikon:  ID:nMFN7bwgvS 
Further company coverage:  VESTUM.ST 

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