Brief: Vimian Buys Supplier Of Veterinary Surgical Products In New Zealand, Australia

Vimian AB

03/02/2022 11:57

Feb 3 (Reuters) - Vimian Group AB  VIMIAN.ST :
    * ACQUIRES SUPPLIER OF VETERINARY SURGICAL PRODUCTS IN NEW ZEALAND AND AUSTRALIA
    * HAS TODAY SIGNED AN AGREEMENT TO ACQUIRE KAHU VET GROUP
    * KAHUVET HAS REVENUES OF AROUND EUR 8.5 MILLION IN 2021
    * KAHUVET IS EXPECTED TO BE CONSOLIDATED INTO VIMIAN GROUP'S MEDTECH SEGMENT ON OR AROUND 1
MARCH
2022
    * PURCHASE PRICE CONSISTS OF UPFRONT PAYMENT OF EUR 12.1 MILLION FINANCED WITH AVAILABLE
FUNDS,
POTENTIAL EARN-OUT PAYMENTS OF UP TO EUR 10.4 MILLION SUBJECT TO FINANCIAL PERFORMANCE OVER 3
YEARS
    * ACQUISITION WILL HAVE A MARGINAL IMPACT ON VIMIAN GROUP'S EARNINGS PER SHARE IN CURRENT
FINANCIAL YEAR

Source text for Eikon:  ID:nMFN90zwcX 
Further company coverage:  VIMIAN.ST 

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