ADDvise pays earnout
ADDvise Group AB (publ) has today paid an earnout of 4,9 MSEK to the former owner of ADDvise’s subsidiary Hettich Labinstrument AB in accordance with the terms of the Share Purchase Agreement which was signed in January 2017.
The earnout was paid with ADDvise’s existing funds and the cost of the earnout was reserved in the financial statements per the first quarter of 2017. The earnout has a positive effect on ADDvise’s result with 0,2 MSEK in 2018.
For further information, please contact:
Rikard Akhtarzand, CEO
+46 765-25 90 71
ADDvise Group AB is required to disclose this information under the EU Market Abuse Regulation. The information was submitted for publication on May 3rd, 2018 at 14:30 CET.
About ADDvise Group
ADDvise Group AB (publ) is a leading supplier of equipment to healthcare and research facilities. The group consists of approximately 10 subsidiaries organized into two business areas, Lab and Healthcare. Sales are global. The Group has a clear acquisition strategy with the aim of raising shareholder value and expand the business – both geographically and product wise. ADDvise Group’s shares are listed on Nasdaq First North and Mangold Fondkommission AB, +46 8 503 015 50, is the Company's Certified Adviser. Additional information is available at www.addvisegroup.com.