Scandinavian Astor Group AB (DB:Y73) agreed to acquire ScandiFlash AB for SEK 95 million on August 24, 2024.The acquisition will be made on cash and debt free basis. The transaction is expected to complete in October 2024. The acquisition will be made on cash and debt free basis.

ScandiFlash AB reported revenue of SEK 48.4 million, EBITDA of SEK 15.7 million and net income of SEK 9.7 million for the period ending December 31, 2023 and reported cash and short-term investments of SEK 19.3 million as on December 31, 2023. The purchase price, on a debt-free basis, corresponds to an EV/EBIT multiple for 2023 of 5.7x. Completion of the acquisition is subject to customary conditions and also approval from the Inspectorate for Strategic Products and obtaining financing for the acquisition.The transaction is expected to complete in October 2024.

Fredrik Winroth, Markus Garfvé of Advokatfirman FYLGIA KB acted as a legal advisor to Scandinavian Astor Group AB.