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.
Renovation firm Balco acquires TBO-Haglinds for SEK 120m
November 16, 2018

Balco Group AB strengthens its position in Sweden through the acquisition of TBO-Haglinds AB, which operates within the same renovation segment with respect to balcony construction projects in Sweden. TBO-Haglinds has sales of approximately SEK 130m with an expected EBIT of SEK 15m. The company’s order backlog amounts to SEK 200m. The purchase price is SEK 120 million, of which SEK 20 million constitutes an earn-out payment, which corresponds to an EV/EBIT of 5.4x.

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