ADDvise acquires JTECH Medical
ADDvise Group AB has today entered into a share purchase agreement with the owner of JTECH Medical (“JTECH”) regarding the acquisition of all shares of the company in accordance with the letter of intent communicated via a press release dated December 22, 2021. Closing of the acquisition takes place today. JTECH’s revenue for 2021 amounted to approximately USD 3.2 million, with an EBITDA of approximately USD 1.1 million, corresponding to an EBITDA margin of approximately 34.3 percent. The purchase price amounts to a total of USD 7.3 million, divided into an initial payment of USD 4.5