SP Group A/S acquires MM Composite A/S DK-5471 Soe
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Posted On: 03/21/2017 10:00:23 AM
SP Group A/S acquires MM Composite A/S
DK-5471 Soendersoe, 2017-03-21 14:44 CET (GLOBE NEWSWIRE) -- Summary
- Today SP Group A/S has agreed with MMC Group ApS to acquire MM Composite A/S and its subsidiary MM Composite Inc. at an enterprise value including debt of up to DKK 105 million
- The acquisition of this well-running composite company accelerates the growth of SP Group. The outlook for the year 2017 will be released on 30 March and MM Composite A/S will be included in the announcement
- SP Group finances the acquisition by debt. No new shares will be issued
- The owners, Kent Bøllingtoft Madsen and Mogens Marxen continue as executives.
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