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Interpump Group SpA's Interpump Hydraulics to Acquire 100% of Hydrocontrol

Monday, 6 May 2013 08:11am EDT 

Interpump Group SpA announced that it has acquired 100% of Hydrocontrol, through its subsidiary Interpump Hydraulics. The deal calls for the transfer of 4,500,000 listed shares of Interpump Group S.p.A., which the acquirer held in treasury at an average carrying amount of EUR 4.97, and a cash payment of EUR 3,340,000 by December 31, 2013, when any price adjustments will be made. The above temporary price was determined on the basis of Hydrocontrol’s preliminary consolidated results at December 31, 2012, i.e. consolidated revenues of EUR 57.0 million, EBITDA of EUR 7.0 million and net borrowings of EUR 23.65 million. Price adjustments will be made on December 31, 2013, after a review of the actual results. 

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22 Aug 2014