Brief: W5 Solutions To Acquire MR Targets

W5 Solutions publ AB

04/03/2022 08:34

March 4 (Reuters) - W5 Solutions AB (publ)  W5.ST :
    * W5 SOLUTIONS INTENDS TO ACQUIRE MR TARGETS
    * ENTERED INTO AN AGREEMENT TO ACQUIRE MR TARGETS AB
    * MR TARGETS HAS REPORTED STRONG ORGANIC GROWTH WITH A
TURNOVER OF
APPROXIMATELY 18.7M SEK 2021 WITH AN EBIT OF 5.5MSEK AND ABOUT
TWELVE EMPLOYEES.
    * PURCHASE PRICE AMOUNTS TO 20M SEK, HALF OF WHICH IS PAID
DIRECTLY, FROM OWN CASH, AND REMAINING PART IS PAID NO LATER
THAN WITHIN 18 MONTHS.
    * TRANSACTION IS SUBJECT TO CERTAIN CLOSING CONDITIONS,
INCLUDING
DUE DILIGENCE AND IS ESTIMATED TO BE COMPLETED IN APRIL 2022

Source text for Eikon:  ID:nMFN7Rtz6K 
Further company coverage:  W5.ST 

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