01.07.2024 12:00:06 - dpa-AFX: GNW-Adhoc: Aspo's subsidiary Telko has completed the acquisition of leading Swedish chemical distributor Swed Handling AB
Aspo Plc
Press Release
July 1, 2024 at 13.00
Aspo's subsidiary Telko has completed the acquisition of leading Swedish
chemical distributor Swed Handling AB
Aspo's subsidiary Telko Ltd has completed the acquisition of Swed Handling AB in
Sweden. Aspo announced on 29 April 2024 that Telko expands its chemicals
business in Sweden by acquiring Swed Handling AB, a leading Swedish chemical
distributor, from TeRa Invest AB. As part of the transaction, Aspo's subsidiary
Leipurin Plc expands its food industry business in Sweden, via the technical
food ingredient distributor Kebelco AB, which is a subsidiary of Swed Handling.
The transaction has been completed today on 1 July 2024.
The purchase price for Swed Handling AB's shares was agreed to be paid in full
with a cash consideration of SEK 473 million (approx. EUR 42 million*), subject
to customary post-closing adjustments. Aspo's shares are thus not used for the
payment of the purchase price. Additionally, Telko has committed to pay in 2026
in cash an additional earn-out of SEK 0-130 million (approx. EUR 0 - 11
million*) based on the 2024-2025 results, depending on Swed Handling AB's
profitability development, excluding Kebelco.
*Based on the SEK-EUR exchange rate of 11.338 on 27 June 2024. Actual future
outcomes may differ from the estimates.
Aspo Plc
Rolf Jansson
CEO
Further information:
Rolf Jansson, CEO, Aspo Plc, tel. +358 400 600 264, rolf.jansson@aspo.com
(mailto:rolf.jansson@aspo.com)
Mikko Pasanen, Managing Director, Telko Ltd, tel. +358 40 743 6665,
mikko.pasanen@telko.com (mailto:mikko.pasanen@telko.com)
Miska Kuusela, Managing Director, Leipurin Plc, tel. +358 40 820 1943,
miska.kuusela@leipurin.com (mailto:miska.kuusela@leipurin.com)
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www.aspo.com (http://www.aspo.com)
Aspo creates value by owning and developing business operations sustainably and
in the long term. Our companies aim to be market leaders in their sectors. They
are responsible for their own operations, customer relationships and the
development of these aiming to be forerunners in sustainability. Aspo supports
its businesses profitability and growth with the right capabilities. Aspo Group
has businesses in 16 different countries, and it employs a total of
approximately 700 professionals.
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