Brief: Vestum Acquires Specialist Company With Sales Of SEK 29 Mln

Vestum AB (publ)

18/03/2022 07:03

March 18 (Reuters) - Vestum AB (publ)  VESTUM.ST :
    * VESTUM COMPLEMENTS THE OFFERING IN ELECTRICAL
INSTALLATIONS
THROUGH ACQUISITION OF SPECIALIST COMPANY WITH SALES OF SEK 29M
    * HAS AGREED TO ACQUIRE 100% OF SHARES IN KJELLGRENS EL I
TUMBA AB
    * PURCHASE PRICE WILL PARTLY BE FINANCED THROUGH PAYMENT IN
REVERSE, WHICH WILL THEN BE SET OFF AGAINST 402,068 SHARES IN
VESTUM THROUGH OFFSET ISSUES
    * THIS WILL RESULT IN A DILUTION OF APPROXIMATELY 0.1%
    * KJELLGRENS EL WILL BE INCLUDED IN VESTUM'S SERVICES
SEGMENT.
    * IN FISCAL YEAR OF 2021, KJELLGRENS EL GENERATED SALES OF
SEK 29
MILLION.
    * KJELLGRENS EL HAS AN EBITA MARGIN THAT IS SIGNIFICANTLY
HIGHER
THAN VESTUM GROUP'S ADJUSTED EBITA MARGIN.
    * TRANSACTION IS EXPECTED TO BE COMPLETED WITHIN
APPROXIMATELY
THREE WEEKS.
    * KJELLGRENS EL'S FINANCIALS ARE EXPECTED TO BE CONSOLIDATED
INTO
VESTUM FROM APRIL 2022

Source text for Eikon:  ID:nMFN2J1mwf 
Further company coverage:  VESTUM.ST 

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