AB Dynamics plc (AIM:ABDP) acquired Vadotech Pte Ltd and Zynit Pte Ltd from Frank Beuler and Sebastian Rupprecht for €26 million on March 3, 2021. The transaction will be carried out on a cash and debt free basis for an initial cash consideration of €17 million, along with two further conditional cash payments of up to €3 million and €6 million and are subject to certain performance criteria being achieved for the year ended December 21, 2020 and the year ending December 31, 2021, respectively. Vadotech Pte Ltd and Zynit Pte Ltd reported sales revenues of €14.2 million, earnings before interest, tax, depreciation and amortization of €4 million, adjusted operating profit of €3.7 million and net assets of €4.1 million. Sebastian Rupprecht will continue with the business as Managing Director and Frank Beuler will continue to support the business for an initial transition period. The Board of AB Dynamics plc expects that the acquisition will be modestly earnings enhancing in the current year, with a more significant contribution in the first full year and beyond. Mike Bell and Ed Allsopp of Peel Hunt LLP acted as financial advisors to AB Dynamics plc in the transaction. Ernst & Young acted as due diligence provider for AB Dynamics. AB Dynamics plc (AIM:ABDP) completed the acquisition of Vadotech Pte Ltd and Zynit Pte Ltd from Frank Beuler and Sebastian Rupprecht on March 3, 2021.