Midsona acquires Danish plant-based foods company with sales of SEK 562 million
Midsona AB (publ) today announced that it has acquired System Frugt A/S, a leading Nordic provider of plant-based foods with its premium brand Earth Control. The acquisition strengthens Midsona’s position within dried fruit and nuts. In 2020 System Frugt is expected to achieve sales of SEK 562 million and adjusted EBITDA of SEK 38 million. The total purchase price is SEK 298 million on a debt-free/cash-free basis and was financed with existing cash resources and credit facilities. Midsona expects annual synergies of SEK 34 million, with full effect from the end of 2022. Pro forma, the
Eficode has achieved ISO 27001 certification to reinforce its commitment to information security and compliance required in industry sectors such as financial and communications services.Helsinki, Finland, October 6th, 2020 -- Eficode has passed the ISO27001 audit, one of the world’s best-known international standards for the requirements of an Information Security Management System (ISMS). This indicates that the organization’s ISMS is aligned with best security practices. This Information Security Management certification is key for customers from the finance and public sectors, where