Brief: Vestum Acquires Specialist Company In Infrastructure

Vestum AB (publ)

28/10/2021 07:17

Oct 28 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM ACQUIRES SPECIALIST COMPANY IN INFRASTRUCTURE WITH
SALES
OF SEK 111.3M, EBITDA OF SEK 25.0M AND EBITA OF SEK 23.2M
    * VESTUM ACQUIRES SPECIALIST COMPANY IN INFRASTRUCTURE WITH
SALES
OF SEK 111.3M, EBITDA OF SEK 25.0M AND EBITA OF SEK 23.2M
    * HAS AGREED TO ACQUIRE 100 PERCENT OF SHARES IN MALTE
RUTBERG
ENTREPRENAD AB WITH SUBSIDIARY MALTE RUTBERG MASKIN AB ("MR
ENTREPRENAD")
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 471,328 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * DURING LAST TWELVE MONTHS PER AUGUST 2021, MR ENTREPRENAD
GENERATED SALES OF SEK 111.3M WITH AN EBITDA OF SEK 25.0M AND
EBITA OF SEK 23.2M
    * MR ENTREPRENAD'S FINANCIALS ARE EXPECTED TO BE
CONSOLIDATED INTO
VESTUM FROM Q4 2021
    * ACQUISITION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
THREE WEEKS

Source text for Eikon:  ID:nBQN3L7HgW 
Further company coverage:  VESTUM.ST 

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