Brief: Wendel Backs Scalian's Acquisition of Mannarino Systems & Software
21/06/2024 07:22
June 21 (Reuters) - Wendel SE MWDP.PA :
* SUPPORTS SCALIAN TO ACQUIRE MANNARINO SYSTEMS & SOFTWARE
* WENDEL SUPPORTS SCALIAN TO ACQUIRE MANNARINO SYSTEMS &
SOFTWARE, A PRE-EMINENT ENGINEERING SERVICES SPECIALIST FOR
ADVANCED TECHNOLOGY RESEARCH AND DEVELOPMENT BASED IN NORTH
AMERICA
* ACQUISITION IS TO BE FUNDED THROUGH A MIX OF DRAWDOWN ON
SCALIAN’S EXISTING COMMITTED CREDIT FACILITIES AND
SHAREHOLDERS’ EQUITY CONTRIBUTION, INCLUDING A €43.7M EQUITY
INJECTION FROM WENDEL IN SCALIAN.
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