ADDvise Group AB (publ) (OM:ADDV A) acquired Labplan Limited for ?20.5 million on December 22, 2023.The acquisition will be consummated at an initial cash consideration of ?13.3 million, and performance-based payments expected to amount to ?7.2 million in aggregate over a two-year period. The acquisition is financed through own funds. Labplan?s revenue for the last twelve months per October 31, 2023, amounted to ?16.9 million, with an adjusted EBITDA of ?3.9 million, corresponding to an adjusted EBITDA margin of 23.0 percent. Mangold Fondkommission AB acted as financial adviser to ADDvise in connection with the acquisition.

ADDvise Group AB (publ) (OM:ADDV A) completed the acquisition of Labplan Limited on December 22, 2023.