BRIEF-Nederman Acquires Duroair Technologies

Reuters · 08/30 12:31
BRIEF-Nederman Acquires Duroair Technologies

- Nederman Holding AB NMAN.ST:

  • NEDERMAN ACQUIRES DUROAIR TECHNOLOGIES INC

  • ACQUISITION PRICE IMPLIES AN ENTERPRISE VALUE OF APPROXIMATELY CAD 11 MILLION

  • THERE IS A POTENTIAL EARN OUT OF UP TO CAD 4 MILLION

  • TURNOVER OF DUROAIR FOR 2023 WAS APPROXIMATELY CAD 10 MILLION, AND TURNOVER FOR 2024 IS FORECAST TO EXCEED LAST YEAR'S.

  • ACQUISITION IS FUNDED BY CASH AND EXISTING BANK FACILITIES

  • ACQUIRED BUSINESS HAS AN EBITDA MARGIN APPROXIMATELY IN LINE WITH THAT OF NEDERMAN GROUP

  • ACQUIRED BUSINESS IS EXPECTED TO HAVE A POSITIVE IMPACT ON EARNINGS PER SHARE FROM TODAY'S DATE

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Further company coverage: NMAN.ST


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