Brief: Vestum Acquires Specialist Company In Insulation

Vestum AB (publ)

29/09/2021 07:05

Sept 29 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM ACQUIRES SPECIALIST COMPANY IN INSULATION WITH
SALES OF
SEK 62.9M, EBITDA OF SEK 10.5M AND EBITA OF SEK 8.0M
    * VESTUM ACQUIRES SPECIALIST COMPANY IN INSULATION WITH
SALES OF
SEK 62.9M, EBITDA OF SEK 10.5M AND EBITA OF SEK 8.0M
    * HAS AGREED TO ACQUIRE 100 PERCENT OF SHARES IN
UNIVERSALISOLERING FREDRIKSSON AB AND ITS SUBSIDIARY SOLLENTUNA
ISOLERINGS AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 171,682 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * DURING LAST TWELVE MONTHS PER JUNE 2021,
UNIVERSALISOLERING
GENERATED SALES OF SEK 62.9M WITH AN EBITDA OF SEK 10.5M AND
EBITA OF SEK 8.0M, CORRESPONDING TO AN EBITDA MARGIN OF 16.7
PERCENT AND EBITA MARGIN OF 12.8 PERCENT.
    * UNIVERSALISOLERING'S FINANCIALS ARE EXPECTED TO BE
CONSOLIDATED
INTO VESTUM FROM OCTOBER 2021
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 171,682 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
THREE WEEKS

Source text for Eikon:  ID:nBQN6PktpD 
Further company coverage:  VESTUM.ST 

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