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TopRight Nordic acquires IoT company within LED technology
May 10, 2019

Light technology group TopRight Nordic has acquired a 50.6% stake in TD Light Sweden AB for SEK 5m with an additional earn-out of SEK 2-4m depending on 2019/20 sales. In 2018, TD Light’s revenues amounted to SEK 9m, with a slightly positive EBIT, corresponding to an EV / sales multiple of 1.2x.

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