Essity AB (publ) (OM:ESSITY B) agreed to acquire Modibodi Pty Ltd for AUD 141 million on July 7, 2022. The purchase price is on a cash and debt free basis. In 2021, Modibodi reported net sales of AUD 56.7 million and EBITDA of AUD 5.7 million.

The transaction is expected to be finalized in the second half of 2022.