Efore Plc has signed an agreement to acquire the entire share capital of Powernet International Oy, a company specialized in the development and manufacturing of customer specific power supplies and systems. The enterprise value is EUR 4.5m and the purchase price is EUR 2.5m. Powernet has 30 FTEs and in the financial year 2017 its turnover was EUR 9.7m with EBITDA of EUR 0.9m corresponding to an EV/EBITDA (2017) of 5.0x.
