AUTOWALLIS NYILVÁNOSAN MUKÖDO RÉSZVÉNYTÁRSASÁG AutoWallis Nyilvánosan Muködo Részvénytársaság (BUSE:AUTOWALLIS) agreed to acquire Nelson Flottalizing Kft. on November 10, 2022. AutoWallis is financing the acquisition from its own funds and will not use external financing or treasury shares.
The purchase is taking place with beneficial pricing conditions, which ensures a short-term (within 2 years) return on the goodwill paid in addition to the equity of the purchased companies. In 2021, Nelson?s fleet management division achieved revenues of HUF 4.2 billion with an EBITDA of HUF 2.4 million and a pre-tax profit of HUF 230 million. The key employees and executives of the companies involved in the transaction are expected to be enrolled in the AutoWallis Employee Share Ownership Program.
The acquisition is expected to be finalized after the competition authority grants its approval, in the first quarter of 2023.
