* ADDvise Group AB (publ) (”ADDvise”) has signed a Letter of Intent with LabRum Holding AB regarding an acquisition of 100 percent of the shares in LabRum AB (”the Acquisition”). * LabRum AB (\"LabRum\") is one of Sweden\'s leading companies within laboratory furniture, safety ventilation and laboratory equipment for both the public and private sector. * The Acquisition is subject to a conducted due diligence and that the parties will agree to enter into a Share Purchase Agreement. * If LabRum is consolidated on pro forma basis from October 1, 2014 - September 30, 2015, ADDvise turnover would amount to 224.3 (151.8) MSEK with an EBITDA of 14.7 (7.3) MSEK. * The purchase price amounts to 34.5 MSEK, with a possible additional earn-out of 11.5 MSEK, and is intended to be paid through a combination of cash, newly issued ADDvise shares of series B and loans. Reasons for the acquisition The acquisition is another step in the growth strategy adopted by the Board in ADDvise in early 2010. The acquisition is strategically important for business area Lab and will increase the range of products and significantly strengthen the competence within laboratory furniture, safety ventilation and laboratory equipment. The Acquisition creates Scandinavia’s leading group within laboratory furniture and safety ventilation and large industrial as well as financial synergies are expected to be achieved. – An acquisition of LabRum enables a higher growth rate and gives us extensive expertise and vital sales channels. Together we’ll become the largest supplier of laboratories within the Nordic countries, says Rikard Akhtarzand, CEO of ADDvise. LabRum in short LabRum is one of Sweden’s oldest companies within sales of laboratory equipment. Customers include both private companies and the public sector. LabRum has approximately 20 employees in Sweden and Finland. The financial year 2014/2015 LabRum had a turnover of 72.5 MSEK and generated an EBITDA of 7.4 MSEK. Proforma If LabRum is consolidated on pro forma basis from October 1, 2014 - September 30, 2015, ADDvise proforma turnover would amount to 224.3 (151.8) MSEK with an EBITDA of 14.7 (7.3) MSEK. This represents an increase of 48 percent in turnover and 100 percent in EBITDA\[1\]. Payment of the purchase price The initial purchase price of 34.5 MSEK is intended to be paid through a combination of cash, newly issued ADDvise shares of series B and loans. An additional possible earn-out estimated to 11.5 MSEK is based on 116 percent of LabRums reported EBITDA for the period May 1, 2015 - April 30 in 2016 and is to be settled subsequently. Terms of the Acquisition\'s completion The Acquisition is subject to a conducted due diligence and that the parties will agree to enter into a Share Purchase Agreement. Indicative time schedule ADDvise’s due diligence is expected to be completed early 2016 as well as signing of the Share Purchase Agreement and the completion of the Acquisition. Advisors Mangold Fondkommission AB is financial advisor to ADDvise during the Acquisition and Baker & McKenzie is the legal advisor. For further information, please contact: Rikard Akhtarzand, CEO of ADDvise +46 765-25 90 71 rikard.akhtarzand@addvisegroup.se www.addvisegroup.se About ADDvise ADDvise Group AB (publ) is an expansive group which through its subsidiaries IM-Medico Svenska AB, KEBO Inredningar Sverige AB, ADDvise Tillquist AB, Sonesta Medical AB, Sonesta Medical Inc and Surgical Tables Inc offers comprehensive solutions in the form of products and services to healthcare and research facilities. ADDvise Group\'s customers are located in both the private and public sectors. The Company\'s share is listed on First North Premier and Mangold Fondkommission AB, +46 8-503015 50, is the company\'s Certified Adviser and liquidity provider. \[1\] ADDvise and LabRum have different fiscal years. Therefore proforma calculation regards the period 2014-05-01 - 2015-04-30 for LabRum and the period 2014-10-01 - 2015-09-30 for ADDvise.
ADDvise signs Letter of Intent regarding acquisition of
Top 10 Most Recent News Articles
AEVEX Facing Class Action Deadline Amid Stock Turmoil
Investors are no strangers to the rough and tumble of stock markets, but things get downright messy when trust is shattered. That's the sorry saga unfolding with AEVEX, where shareholders are feeling the heat after a sharp nosedive in stock value. The clock is ticking to join the class action, and any AEVEX investor worth their salt should pay attention. Unraveling...
Continue Reading
Weifang's Cultural Resurgence: A Global Epigraphy Fest
A Historical Meltdown into Global Recognition Welcome to the ride where ancient stones talk and cultural borders vanish. We're diving into the beating heart of Weifang, a place you're probably hearing about now because the town's hosting a packed international media tour. And, for a change, this isn't just another tourist trap; it's a cultural adrenaline shot to the arm,...
Continue Reading
Innventure Faces Major Lawsuit Over Misleading Investors
Missteps at Innventure: A Costly Lesson in Investor Trust The stock market is no stranger to drama, but Innventure's saga feels like a page ripped right out of a thriller novel. You’ve got accusations, alleged fabrications, and a swift drop in stock prices that’s left some investors shaking their heads. The company, nestled under the ticker NASDAQ:INV, finds itself...
Continue Reading
Masimo's smartSET™ Revolutionizes Patient Monitoring
Breaking Ground in Patient Monitoring Let's dive into the gritty details behind Masimo's latest FDA-nod: the smartSET™ system. This gizmo ain't your ordinary pulse oximeter; it's a next-gen hand-holder for the medical world, poised to ride the AI wave straight into the clinic. They've cracked open a new way for clinicians to peek behind the curtain of patient vitals,...
Continue Reading
Hyliion Class Action Deadline Nears for Investors
Potential Shockwaves for Hyliion Investors Investors are having a showdown with Hyliion (NYSE:HYLN) these days. With the looming October 27, 2026, deadline to jump into a securities class action, it seems Hyliion's latest escapade smells worse than a fish market on a hot day. We’ve got allegations here stronger than your uncle’s morning coffee. Understanding the Legal...
Continue Reading
Voter Events by Valley Community Healthcare Aim to Empower
Here's a game-changer for the community. Valley Community Healthcare (VCH) is stepping up, proving that healthcare doesn't just stick to check-ups and prescriptions. It's about the whole shebang—community empowerment included. This October, VCH is hosting two incredible voter events, collaborating with the Los Angeles County Registrar-Recorder's Mobile Voting Program....
Continue Reading
LG OLED evo W6: UAE Roadshow Starts with a Bang
They've done it again, folks. LG Electronics is out there kicking up a storm with their all-new OLED evo W6 True Wireless Wallpaper TV, and they're bringing the action straight to the UAE's doorsteps. Imagine taking a stroll and stumbling upon this technological marvel at some fancy spot like The Lotus Lounge at Anantara The Palm Dubai Resort. This ain't just a TV, it's a...
Continue ReadingTop 5 Most Recently Viewed Articles
Telesat's Financial Performance Highlights for 2024
Telesat's Financial Overview Today, Telesat, recognized as one of the largest satellite operators in the world, disclosed its financial results, shedding light on its performance for the recent fiscal year ended December 31, 2024. The company operates under the ticker symbols NASDAQ and TSX: TSAT, which denote its presence on two significant stock exchanges. Financial...
Continue Reading
Unlock Seamless Check Printing with ezCheckPrinting Today
Streamline Your Check Printing with ezCheckPrinting ezCheckPrinting and Virtual Printer emerge as a vital solution for accountants and CPAs utilizing QuickBooks and Quicken. This software is designed to maximize efficiency for both U.S. and Canadian users, ensuring a professional check printing experience without unnecessary complications. Why Choose ezCheckPrinting and...
Continue Reading
Paychex Inc Surges to New Heights, Stock Reaches $142.04
Paychex Inc Stock Reaches New Peaks Paychex Inc. (NASDAQ: PAYX) has recently achieved a remarkable milestone with its stock price reaching an all-time high of $142.04. This significant increase in value highlights the company's strong performance throughout the past year, during which its stock has appreciated by over 20.31%. Investor confidence has surged as Paychex...
Continue Reading
Trella Health Reinvents Post-Acute Market Strategies
The Unexpected Insights for Post-Acute Care In a world where data is king, Trella Health is handing out crowns. The new launch of their Physician Group Explore & Analyze feature lands smack dab in the middle of a challenging healthcare landscape. We're talking post-acute care organizations desperately needing a clue on where to chase the next big opportunity. Breaking...
Continue Reading
Minesto Welcomes Alexander Jancke as New CFO to Lead Growth
Minesto's Exciting New Chapter with CFO Appointment Minesto, a leader in ocean energy technology, is thrilled to announce the appointment of Alexander Jancke as the new Chief Financial Officer (CFO). His journey begins at a crucial time for the company. With nearly a decade of expertise in finance, Jancke has honed his skills as a certified auditor and financial advisor...
Continue Reading