31 may 2018, 17:45
Sdiptech completes acquisition of KSS Klimat- & Styrsystem AB
On 25 may, Sdiptech announced that the company had entered into an agreement to acquire KSS Klimat- & Styrsystem AB (KSS).
As of today, the Sdiptech completes the acquisition and the initial purchase consideration of SEK 61.8 million was transferred in cash.
The company is valued at SEK 123.6 million at the time of the acquisition, and the total purchase consideration, including future performance-based additional purchase considerations over four years, will reach a maximum of SEK 155.7 million, given that growth in the operations remains favourable.
The current annual pace for operating income for KSS is approximately SEK 17 million. This can be compared with the reported SEK 12 million during the last broken financial year.
Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758. Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com
For additional information, please contact:
Carl Johan Åkesson, CFO, +46 708 30 70 57, firstname.lastname@example.org
Jakob Holm, CEO, +46 761 61 21 91, email@example.com
Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.
The information was provided by the above contact persons for publication 31 may 2018 at 17:45 CET.