HeiQ has announced the acquisition of RAS AG, a materials innovation company with antimicrobial hygiene additives, antimicrobial coating systems and electrically conductive and IR reflecting coating materials. RAS AG generated revenues of €2.5m in 2020 and HeiQ will pay €5.1m upfront in cash and shares, indicating a valuation of 2.0x FY20E sales. The acquisition aligns with HeiQ's strategy of expanding its antimicrobial range and we expect the new business to be complementary to both HeiQ and th ....
29 Apr 2021
Cenkos: HeiQ Plc -- Antimicrobial expansion: RAS AG
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Cenkos: HeiQ Plc -- Antimicrobial expansion: RAS AG
HeiQ PLC (HEIQ:LON) | 9.0 0 2.4% | Mkt Cap: 15.2m
- Published:
29 Apr 2021 -
Author:
Chris Donnellan -
Pages:
8
HeiQ has announced the acquisition of RAS AG, a materials innovation company with antimicrobial hygiene additives, antimicrobial coating systems and electrically conductive and IR reflecting coating materials. RAS AG generated revenues of €2.5m in 2020 and HeiQ will pay €5.1m upfront in cash and shares, indicating a valuation of 2.0x FY20E sales. The acquisition aligns with HeiQ's strategy of expanding its antimicrobial range and we expect the new business to be complementary to both HeiQ and th ....