Value8 NV (ENXTAM:VALUE) agreed to acquire 60% stake Kersten Revalidatietechniek B.V. on December 18, 2014. The management of Kersten will retain the remaining 40% stake in Kersten. The transaction will be financed using cash on hand and existing credit facilities.

A limited share issue, accounting for some 3% of the outstanding share capital, is not ruled out. It may take place through the issue of A shares and the simultaneous repurchase of the same number of B shares. Kersten generated revenue of €34 million in 2013.

Value8 expects the deal to have a clearly positive impact on its earnings per share (EPS) as of 2015. Boer & Croon Corporate Finance acted as financial advisor for Value8 NV. Houthoff Buruma acted as legal advisor for Kersten.