May 3, 2018 / 8:24 AM / 3 months ago

BRIEF-Midsona Acquires Davert, A Leader In The German Organic Food Market

Midsona AB:

* MIDSONA ACQUIRES DAVERT, A LEADER IN THE GERMAN ORGANIC FOOD MARKET

* TOTAL PURCHASE PRICE IS APPROXIMATELY EUR 48.5 MILLION (SEK 511 MILLION), ON A DEBT-FREE/CASH-FREE BASIS

* BY 2022, SYNERGIES ARE EXPECTED TO HAVE AN ANNUAL IMPACT ON EBITDA OF APPROXIMATELY EUR 3.8 MILLION (SEK 40 MILLION)

* EXPECTS DAVERT’S SALES TO INCREASE COMPARED TO PREVIOUS YEAR AND ACHIEVE ADJUSTED EBITDA OF ABOUT EUR 5.0 MILLION (SEK 53 MILLION) Source text for Eikon: Further company coverage:

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