Vestum acquires specialist company in infrastructure with sales of SEK 111.3m, EBITDA of SEK 25.0m and EBITA of SEK 23.2m

2021-10-28
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Malte Rutberg Entreprenad AB with the subsidiary Malte Rutberg Maskin AB ("MR Entreprenad"). The purchase price will partly be financed through payment in reverse, which will then be set off against 471,328 shares in Vestum through offset issues. This will result in a dilution of approximately 0.4%. During the last twelve months per August 2021, MR Entreprenad generated sales of SEK 111.3m with an EBITDA of SEK 25.0m and EBITA of SEK 23.2m, corresponding to an EBITDA margin of 22.5 percent and EBITA margin of 20.8 percent.

About MR Entreprenad
MR Entreprenad was founded in 1999 and specializes in water and sewerage and pipeline work, road and civil engineering work as well as groundwork. The service offering includes, for example, reorganization and repair of existing water and sewerage systems, fine planning and execution of various types of earthworks, new production of road systems and expansion of existing road systems.

The company is active in Stockholm and Uppland and works mainly for the state and municipality, but also for construction contractors, property managers, energy companies and tenant-owner associations.

During the last twelve months per August 2021, MR Entreprenad generated sales of SEK 111.3m with an EBITDA of SEK 25.0m and EBITA of SEK 23.2m, corresponding to an EBITDA margin of 22.5 percent and EBITA margin of 20.8 percent.

MR Entreprenad has 16 employees and is headquartered in Sollentuna.

All figures referenced are in accordance with the IFRS standards applied by Vestum and are unaudited.

MR Entreprenad's financials are expected to be consolidated into Vestum from Q4 2021, provided that the indicative timetable for the completion of the acquisition can be followed

Comments from Vestum's CEO Conny Ryk:

Today we welcome MR Entreprenad, a specialist company in infrastructure, to Vestum! We have followed the company for many years and are happy and proud that the previous owners have chosen us as a partner for the future. With MR Entreprenad, we further strengthen our market position in, among other things, water and sewerage and management work and there are clear positive collaboration effects with several other portfolio companies within Vestum. For over 10 years in a row, the company has generated a double-digit profit margin and together with the entire existing management team, we look forward to growing the business further, says Conny Ryk, CEO of Vestum.

About the acquisition
The purchase price will partly be financed through payment in reverse, which will then be set off against 471,328 shares in Vestum through offset issues. This will result in a dilution of approximately 0.4%. The subscription price has been determined via a ten-day volume-weighted average price ("VWAP") in Vestum's share during the period 14 October 2021 up to and including 27 October 2021. The sellers have undertaken not to sell the subscribed shares for a period of 24 months ("lock-up").

The number of outstanding shares would increase in connection with the acquisition from the existing 116,452,915 to 116,924,243 shares.

The above information on dilution and number of shares is based on previously announced offset issues.

Completion of the acquisition
The acquisition is expected to be completed within approximately three weeks. In connection with the completion of the acquisition, the Board, backed by an authorization of the Annual General Meeting, will make a formal decision to issue the shares in the offset issue.

Adviser
Svalner provides financial advice and Cirio Advokatbyrå acts as legal adviser to Vestum in connection with the acquisition.

For additional information, please contact:
Conny Ryk, CEO of Vestum AB (publ)
Phone: +46 70 775 53 10
E-mail: [email protected]

About Vestum
Vestum is a Swedish acquisition-driven company focused on acquiring and developing specialist companies within the construction services and infrastructure industries. Vestum is actively looking for high-quality companies with proven business models, strong market positions and predictable cash flows where Vestum can be involved and contribute to continued positive development.

For additional information, please visit: www.vestum.se

Vestum's share is traded under the short name VESTUM on Nasdaq First North Growth Market and the company's Certified Adviser is G&W Fondkommission: phone: +46 (0)8 503 000 50, e-mail: [email protected].

Nerladdningsbara filer

Vestum, via dotterbolaget GGAL Group, förvärvar specialistbolag inom glas- och aluminiumpartier med en omsättning om 47,9 MSEK, EBITDA om 5,8 MSEK och EBITA om 3,8 MSEK

2021-11-23

Vestum AB (publ) ("Vestum") har genom dotterbolaget GGAL Group AB ingått avtal om förvärv av samtliga aktier i Tannefors Glas AB ("Tannefors Glas"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 50 569 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,04 %. Under den rullande 12 månaders perioden per september 2021 genererade Tannefors Glas en omsättning om 47,9 MSEK med en EBITDA om 5,8 MSEK och EBITA om 3,8 MSEK, motsvarande en EBITDA-marginal om 12,0 procent och EBITA-marginal om 8,0 procent.


Vestum, through subsidiary GGAL Group, acquires specialist company in glass and aluminium lots with sales of SEK 47.9m, EBITDA of SEK 5.8m and EBITA of SEK 3.8m

2021-11-23

Vestum AB (publ) ("Vestum") has through subsidiary GGAL Group AB agreed to acquire 100 percent of the shares in Tannefors Glas AB ("Tannefors Glas"). The purchase price will partly be financed through payment in reverse, which will then be set off against 50,569 shares in Vestum through offset issues. This will result in a dilution of approximately 0.04%. During the last twelve months per September 2021, Tannefors Glas generated sales of SEK 47.9m with an EBITDA of SEK 5.8m and EBITA of SEK 3.8m, corresponding to an EBITDA margin of 12.0 percent and EBITA margin of 8.0 percent.


Kallelse till extra bolagsstämma i Vestum AB (publ)

Aktieägarna i Vestum AB (publ), org.nr 556578-2496 ("Bolaget"), kallas härmed till extra bolagsstämma fredagen den 17 december 2021.

Med anledning av risken för fortsatt spridning av coronaviruset har styrelsen beslutat att den extra bolagsstämman ska genomföras utan fysisk närvaro av aktieägare, ombud eller utomstående och att utövandet av rösträtt endast kan ske genom att aktieägare poströstar i förhand i den ordning som föreskrivs nedan. Information om de av bolagsstämman fattade besluten offentliggörs fredagen den 17 december 2021 så snart utfallet av röstningen är slutligt sammanställt.


Notice of Extraordinary General Meeting of Vestum AB (publ)

The shareholders of Vestum AB (publ), reg. no. 556578-2496, (the "Company"), are hereby convened to the Extraordinary General Meeting ("EGM") to be held on Friday 17 December 2021.

Due to the risk of further spread of the coronavirus, the Board of Directors has resolved that the EGM will be held without physical presence of shareholders, proxies or external parties and that shareholders only can exercise their voting rights by postal voting in accordance with the procedure prescribed below. Information on the resolutions passed at the EGM will be published on Friday 17 December 2021, as soon as the result of the voting has been finally confirmed.


Vestum växer i Västsverige genom förvärv av specialistbolag inom isolering med en omsättning om 82,8 MSEK, EBITDA om 13,8 MSEK och EBITA om 11,6 MSEK

2021-11-09
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i KWA Isolerteknik AB samt dotterbolaget JT Isolering AB ("KWA Isolerteknik"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 167 054 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under den rullande 12 månaders perioden per augusti 2021 genererade KWA Isolerteknik en omsättning om 82,8 MSEK med en EBITDA om 13,8 MSEK och EBITA om 11,6 MSEK, motsvarande en EBITDA-marginal om 16,7 procent och EBITA-marginal om 14,0 procent.


Vestum is growing in Western Sweden through acquisition of specialist company in insulation with sales of SEK 82.8m, EBITDA of SEK 13.8m and EBITA of SEK 11.6m

2021-11-09
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in KWA Isolerteknik AB and its subsidiary JT Isolering AB ("KWA Isolerteknik"). The purchase price will partly be financed through payment in reverse, which will then be set off against 167,054 shares in Vestum through offset issues. This will result in a dilution of approximately 0.1%. During the last twelve months per August 2021, KWA Isolerteknik generated sales of SEK 82.8m with an EBITDA of SEK 13.8m and EBITA of SEK 11.6m, corresponding to an EBITDA margin of 16.7 percent and EBITA margin of 14.0 percent.


Kommuniké från extra bolagsstämma i Vestum AB (publ)

Den extra bolagsstämman i Vestum AB (publ) idag den 5 november 2021 har beslutat om följande. Med anledning av risken för fortsatt smittspridning av coronaviruset genomfördes stämman med poströstning, utan fysiskt deltagande.


Bulletin from EGM in Vestum AB (publ)

The Extraordinary General Meeting in Vestum AB (publ) held today on 5 November 2021 has resolved the following. Due to the risk of further spread of the coronavirus the Extraordinary General Meeting was conducted by postal voting only, without physical presences.


Vestum förvärvar specialistbolag med en omsättning om 83,6 MSEK, EBITDA om 8,3 MSEK och EBITA om 6,3 MSEK

2021-11-02
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Amsler Hiss AB ("Amsler Hiss"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 91 540 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under den rullande 12 månaders perioden per juni 2021 genererade Amsler Hiss en omsättning om 83,6 MSEK med en EBITDA om 8,3 MSEK och EBITA om 6,3 MSEK, motsvarande en EBITDA-marginal om 9,9 procent och EBITA-marginal om 7,6 procent.


Vestum acquires specialist company with sales of SEK 83.6m, EBITDA of SEK 8.3m and EBITA of SEK 6.3m

2021-11-02
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Amsler Hiss AB ("Amsler Hiss"). The purchase price will partly be financed through payment in reverse, which will then be set off against 91,540 shares in Vestum through offset issues. This will result in a dilution of approximately 0.1%. During the last twelve months per June 2021, Amsler Hiss generated sales of SEK 83.6m with an EBITDA of SEK 8.3m and EBITA of SEK 6.3m, corresponding to an EBITDA margin of 9.9 percent and EBITA margin of 7.6 percent.


Vestum kompletterar erbjudandet inom elinstallationer genom förvärv av specialistbolag med en omsättning om 25,1 MSEK, EBITDA om 8,1 MSEK och EBITA om 7,5 MSEK

2021-11-01
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Elcentralen Nacka AB ("Elcentralen"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 69 098 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,1 %. Under det senaste räkenskapsåret 2020/2021 genererade Elcentralen en omsättning om 25,1 MSEK med en EBITDA om 8,1 MSEK och EBITA om 7,5 MSEK, motsvarande en EBITDA-marginal om 32,3 procent och EBITA-marginal om 29,7 procent.


Vestum complements the offering in electrical installations through the acquisition of specialist company with sales of SEK 25.1m, EBITDA of SEK 8.1m and EBITA of SEK 7.5m

2021-11-01
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Elcentralen Nacka AB ("Elcentralen"). The purchase price will partly be financed through payment in reverse, which will then be set off against 69,098 shares in Vestum through offset issues. This will result in a dilution of approximately 0,1%. In the last fiscal year of 2020/2021, Elcentralen generated sales of SEK 25.1m with an EBITDA of SEK 8.1m and EBITA of SEK 7.5m, corresponding to an EBITDA margin of 32.3 percent and EBITA margin of 29.7 percent.


Vestum förvärvar specialistbolag inom infrastruktur med en omsättning om 111,3 MSEK, EBITDA om 25,0 MSEK och EBITA om 23,2 MSEK

2021-10-28
Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Malte Rutberg Entreprenad AB med dotterbolaget Malte Rutberg Maskin AB ("MR Entreprenad"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 471 328 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,4 %. Under den rullande 12 månaders perioden per augusti 2021 genererade MR Entreprenad en omsättning om 111,3 MSEK med en EBITDA om 25,0 MSEK och EBITA om 23,2 MSEK, motsvarande en EBITDA-marginal om 22,5 procent och EBITA-marginal om 20,8 procent.


Vestum acquires specialist company in infrastructure with sales of SEK 111.3m, EBITDA of SEK 25.0m and EBITA of SEK 23.2m

2021-10-28
Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Malte Rutberg Entreprenad AB with the subsidiary Malte Rutberg Maskin AB ("MR Entreprenad"). The purchase price will partly be financed through payment in reverse, which will then be set off against 471,328 shares in Vestum through offset issues. This will result in a dilution of approximately 0.4%. During the last twelve months per August 2021, MR Entreprenad generated sales of SEK 111.3m with an EBITDA of SEK 25.0m and EBITA of SEK 23.2m, corresponding to an EBITDA margin of 22.5 percent and EBITA margin of 20.8 percent.


Vestum förvärvar ledande specialistbolag inom infrastruktur med en omsättning om 305,0 MSEK, justerad EBITDA om 28,4 MSEK och justerad EBITA om 22,4 MSEK

2021-10-26

Vestum AB (publ) ("Vestum") har ingått avtal om förvärv av samtliga aktier i Infracon Sverige AB med dotterbolaget Infracon Maskin AB ("Infracon"). Köpeskillingen kommer till viss del att finansieras genom betalning med revers som därefter avses kvittas mot 286 556 aktier i Vestum genom kvittningsemission, innebärande en utspädning om cirka 0,2 %. Under den rullande 12 månaders perioden per augusti 2021 genererade Infracon en omsättning om 305,0 MSEK med en justerad EBITDA om 28,4 MSEK och justerad EBITA om 22,4 MSEK, motsvarande en justerad EBITDA-marginal om 9,3 procent och justerad EBITA-marginal om 7,3 procent.


Vestum acquires leading specialist company in infrastructure with sales of SEK 305.0m, adjusted EBITDA of SEK 28.4m and adjusted EBITA of SEK 22.4m

2021-10-26

Vestum AB (publ) ("Vestum") has agreed to acquire 100 percent of the shares in Infracon Sverige AB with the subsidiary Infracon Maskin AB ("Infracon"). The purchase price will partly be financed through payment in reverse, which will then be set off against 286,556 shares in Vestum through offset issues. This will result in a dilution of approximately 0.2%. During the last twelve months per August 2021, Infracon generated sales of SEK 305.0m with an adjusted EBITDA of SEK 28.4m and adjusted EBITA of SEK 22.4m, corresponding to an adjusted EBITDA margin of 9.3 percent and adjusted EBITA margin of 7.3 percent.


Vestum har framgångsrikt emitterat ett obligationslån om SEK 1,5 miljarder

Stockholm den 21 oktober 2021

Vestum AB (publ) ("Vestum" eller "Bolaget") har emitterat ett icke säkerställt obligationslån om SEK 1,5 miljarder inom ett rambelopp om SEK 3 miljarder. Obligationslånet löper med en ränta om 3m Stibor + 415 baspunkter med förfall den 28 oktober 2024. Emissionen möttes av mycket stort intresse och orderboken, som består främst utav nordiska institutionella investerare blev kraftigt övertecknad.


Vestum has successfully issued a bond of SEK 1.5 billion

Stockholm October 21, 2021

Vestum AB (publ) ("Vestum" or the "Company") has issued a senior unsecured bond of SEK 1.5 billion, within a framework of SEK 3 billion. The bond carries an interest rate of 3m Stibor + 415 basis points and matures on October 28 2024. The issue attracted very strong interest and the order book, which comprises mainly of Nordic institutional investors was heavily oversubscribed.


KALLELSE TILL EXTRA BOLAGSSTÄMMA I VESTUM AB (PUBL)

Aktieägarna i Vestum AB (publ), org.nr 556578-2496 ("Bolaget"), kallas härmed till extra bolagsstämma fredagen den 5 november 2021.


NOTICE OF EXTRAORDINARY GENERAL MEETING OF VESTUM AB (PUBL)

The shareholders of Vestum AB (publ), reg. no. 556578-2496 (the "Company"), are hereby convened to the Extraordinary General Meeting ("EGM") to be held on Friday 5 November 2021.


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