Humble Group AB (publ) (“Humble”) has entered into a binding agreement with the owners of Swecarb AB (“the Company) regarding the acquisition of all shares in the Company (”Transaction”). The Company is acquired at a valuation of approximately SEK 27,4 million on a cash and debt-free basis. The purchase price for the shares in the Company amounts to a fixed remuneration of SEK 30 million (the “Purchase Price”) and a fixed earn out of approximately SEK 3,6 million to be paid out in 2022. Earn outs may also be paid out based on future EBIT results for 2021 and 2022. Of the Purchase Price, SEK 22.5 million will be paid out in cash and the remaining SEK 7.5 million in the form of 281,215 shares in Humble, which will be issued at a price of SEK 26.67. Swecarb distributes dietary supplements and sports nutrition and owns the exclusive rights to supply several products under the Vitargo brand. Vitargo is a market-leading global brand in fast-absorbing carbohydrates, recognized among both athletes and elite athletes, with a wide product range for improved performance, health and well-being. The Company’s estimated sales and EBITDA for the next twelve months amounts to approximately SEK 24,2 million and SEK 8,2 million respectively.
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