Multiconsult (OSE: MULTI) completes the acquisition of Erichsen & Horgen
On 8 July 2021, Multiconsult announced that it had entered into an agreement to purchase 100% of the shares of Erichsen & Horgen AS at an enterprise value (EV) of NOK 410.0 million, on a cash- and debt free basis based on normalised working capital. After adjusting for working capital and net cash, the total purchase price for the acquisition was NOK 421.8 million. The purchase price was settled in a combination of NOK 337.5 million in cash (80%) and NOK 84.4 million in Multiconsult shares (20%). In this connection, Multiconsult will issue 460 129 shares (20% of the purchase price) to