Brief: W5 Solutions Acquires Arcqor, Issues 626,342 New Shares

W5 Solutions publ AB

31/01/2023 10:34

Jan 31 (Reuters) - W5 Solutions AB (publ)  W5.ST :
    * W5 SOLUTIONS ACQUIRES ARCQOR AB AND ISSUES 626 342 NEW
SHARES
    * WITH ACQUISITION, ARCQOR AB ADDS AN ORDER BOOK OF SEK 105
MILLION, OF WHICH SEK 96 MILLION SHALL BE DELIVERED IN 2023, AND
IS EXPECTED TO IMPACT W5 SOLUTIONS' EBITA RESULTS IN 2023
SIGNIFICANTLY
    * INITIAL PURCHASE PRICE AMOUNTS TO SEK 65 MILLION,
CORRESPONDING
TO AN EV/EBIT MULTIPLE OF APPROXIMATELY 4 TIMES BASED ON
ARCQOR'S NORMALISED FULL-YEAR EBIT FORECAST
    * CASH CONSIDERATION AMOUNTS TO SEK 30 MILLION
    * ACQUISITION IS EXPECTED TO GENERATE SIGNIFICANT SYNERGIES,
PARTICULARLY IN POWER SUPPLY BUSINESS
    * ADDITIONAL CONSIDERATION WILL BE PAID THROUGH NEWLY ISSUED
SHARES, WHICH MAY BE ISSUED DURING PERIOD 2024-2028

Source text for Eikon:  ID:nMFN1Xd62Q 
Further company coverage:  W5.ST 
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