Absolent Air Care Group AB (publ) (OM:ABSO) acquired Quatro Air Technologies Inc. for CAD 36.5 million on November 15, 2021. The initial purchase price, on a cash and debt-free basis, is CAD 22 million. Further, there is an earn out of maximum CAD 14.5 million directly linked to the EBITDA level performed over the next 24-months. The acquisition is financed with own cash and existing credit facility. Quatro Air Technologies will immediately be consolidated into Absolent Air Care Group AB. Quatro Air Technologies generates revenue of approximately CAD 16 million with an average EBITDA margin of 23%. The acquisition will have a limited positive effect on Absolent Air Care Group?s earnings per share in the current financial year. Erik Penser Bank AB, Research Division acted as financial advisor to Absolent Air Care Group AB (publ) in the transaction. Absolent Air Care Group AB (publ) (OM:ABSO) completed the acquisition of Quatro Air Technologies Inc. on November 15, 2021. Woodbridge International LLC acted as financial advisor to Quatro Air Technologies Inc.