Extract from M&A Insights

The below story was originally featured in our daily M&A Insights Newsletter. Selected stories, including this one, are posted to our website with some weeks of delay.
Absolicon acquires 50 pct. of Saravanos Solar for SEK 11m
December 3, 2018

Solar energy company Absolicon has acquired 50 % of the shares in Saravanos Solar++ AB (Solar++). Absolicon aims to enter the industrial markets with solar solutions and Solar++ fits this target as Solar++ develops and sells solar energy processing equipment. Solar++ is a subsidiary of Saravanos Group of Companies SARL. Solar++ reported a turnover of SEK 6.3m and EBIT of SEK 3.6m in 2017, corresponding to an EV/EBIT multiple of 3.1x.

ⓘ This story was originally featured in our daily M&A Insights newsletter.
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