ADDvise Group AB (publ) (OM:ADDV A) has signed a Letter of Intent to acquire Kolplast CI S.A. for approximately BRL 210 million on May 8, 2023. The purchase price for Kolplast amounts to an initial payment of BRL 160 million, and three potential earn-outs of BRL 50 million in total. The acquisition will be financed with own funds and loans.

Kolplast revenue for the full year 2022 amounted to BRL 100.3 million with an adjusted EBITDA of BRL 28.1 million. The acquisition is subject to a due diligence and that the parties agree to enter into a share purchase agreement. The share purchase agreement and completion of the acquisition is scheduled to be completed during the second half of 2023.

ADDvise Group AB (publ) (OM:ADDV A) entered into a share purchase agreement to acquire Kolplast CI S.A. on September 30, 2023. Closing of the acquisition is expected to take place during the fourth quarter of 2023.