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Provider: Wright Reports
Provider: MarketLine (a Datamonitor Company)
Provider: GlobalData
Provider: GlobalData

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Opcon AB Completes Sale of Engine Efficiency Business Area

Thursday, 22 Nov 2012 09:00am EST 

Opcon AB announced that in accordance with the agreement signed on November 7, 2012 it completed the sale of its subsidiary, SEM AB, and SEM’s subsidiary, SEM Technology Suzhou Co. Ltd in China, which together constitute the Engine Efficiency business area. Purchase price amounts to SEK 218,3 million on a debt free basis with a variable component depending on performance that may increase or decrease final purchase price by a maximum of SEK 10 million. The acquirer is the investment fund Perusa Partner Fund 2. Settlement has been made via the buyer taking over external debt including operational and financial leasing of approximately SEK 70 million, SEK 90 million in cash at closing and with the remaining amount after adjustments for working capital, variable component etc. being settled through an interest bearing vendor note payable after 36 months. 

Company Quote

0.02 +2.25%
16 Sep 2014