ADDvise acquires Kolplast CI S.A.
ADDvise Group has entered into a share purchase agreement with the owners of Kolplast CI S.A. (“Kolplast”) regarding the acquisition of all shares of Kolplast in accordance with the letter of intent previously communicated. Closing of the acquisition is expected to take place during the fourth quarter of 2023. Kolplast’s revenue for the last twelve months per August 31, 2023 amounted to BRL 101.9 million, with an EBITDA of BRL 29.8 million, corresponding to an EBITDA margin of 29.3 per cent. The acquisition will be consummated at an initial cash consideration of BRL 160 million and