Press release
7 March 2018, 18:00
Sdiptech enters a non-binding Letter of Intent to acquire all shares in niched technology company
As of today, Sdiptech has entered a non-binding Letter of Intent to acquire all shares in a niched Swedish technology company. Net sales for the 2017 financial year amounted to approximately SEK 90 million with an operating margin of approximately 15 percent. If agreed and completed, the acquisition is expected to close during the first half of 2018 at a valuation multiple in line with Sdiptech's historical average.
Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758.
Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.
Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com
For additional information, please contact:
Carl Johan Åkesson, CFO, +46 708 30 70 57, cj.akesson@sdiptech.com
Jakob Holm, CEO, +46 761 61 21 91, jakob.holm@sdiptech.com
Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.
Sdiptech AB (publ) is required to disclose this information pursuant to EU Market Use Regulation 596/2014. The information was provided by the above contact persons for publication 7 March 2017 at 18:00.
