CALIDA Holding AG (SWX:CALN) agreed to acquire Luemme, Inc. from Valeria and Ugo Campello for $80 million on May 19, 2022. The CALIDA GROUP acquires a 100 percent stake in Cosabella for a total package of $80 million including earn out. Luemme, Inc., the family-owned business with its second-generation management employs approximately 50 people and generated sales in the United States of $29 million and an EBITDA of $4.8 million in 2021. The closing of the transaction is expected to take place in Q2 2022. This transaction is completely in line with the strategy ACCELERATE 2026 and highly accretive for all stakeholders. Covington & Burling LLP acted as legal advisor to CALIDA Holding AG.

CALIDA Holding AG (SWX:CALN) completed the acquisition of Luemme, Inc. on May 23, 2022.