Aqua Bio Technology ("ABT" or the "Company" and together with its wholly owned subsidiaries, the "ABT Group") has today, on 25 April 2024, entered into an agreement (the "Agreement") with CoC Invest AS ("CoC Invest") regarding the Company's acquisition of all of the outstanding shares in the 3D Innovation Nordic AS ("3D").
Pursuant to the Agreement, the Company shall further acquire all of the outstanding shares in the companies Printprofil AS and Check Please AS (jointly with 3D, the "Target Group") from CoC Invest in connection with the acquisition of 3D (jointly, the "Acquisitions"). The Target Group represents a major wholesale group in the Nordics.

In 2023, the Target Group had an unaudited turnover of NOK 87.6 million, of which 3D had a turnover of NOK 73 million. The Target Group companies are profitable and EBIDTA for the Target Group in 2023 ended jointly at NOK 5 million.

https://newsweb.oslobors.no/message/616889

Considering that Q1 is typically the weakest quarter in this segment, with 60% of annual turnover normally occurring in Q3 and Q4, ABT is on track with its previous guidance for a turnover of NOK 140-150 million in 2024.

With the integration of Ovalen AS(www.pusteromhudpleie.no -http://www.pusteromhudpleie.no/) starting from Q2, and assuming satisfactory due diligence and the completion of the acquisition of 3D Innovation Nordic AS and
its affiliated companies in Q2, ABT anticipates that the turnover for 2024 will reach NOK 200-210 million and that the pro forma turnover for 2024 for the Group will exceed NOK 250 million.

https://newsweb.oslobors.no/message/616927