HeiQ has announced the acquisition of Life Material Technologies (Life), a materials technology company focused on antimicrobial additives and treatments used by plastics, coatings, textiles, ceramics and paper manufacturers. Life generated revenues of $3.6m in 2020A and HeiQ will pay $6.45m for 100% of the business, in a combination of cash ($2.55m) and new shares ($3.9m), with an earn-out of up to $2.8m to be based upon Life's FY21E financial performance. The pre-earn-out acquisition multiple ....
16 Jun 2021
Cenkos: HeiQ Plc -- Consolidation: Life Material Technologies
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Cenkos: HeiQ Plc -- Consolidation: Life Material Technologies
HeiQ PLC (HEIQ:LON) | 8.8 0 (-3.8%) | Mkt Cap: 14.9m
- Published:
16 Jun 2021 -
Author:
Chris Donnellan -
Pages:
9
HeiQ has announced the acquisition of Life Material Technologies (Life), a materials technology company focused on antimicrobial additives and treatments used by plastics, coatings, textiles, ceramics and paper manufacturers. Life generated revenues of $3.6m in 2020A and HeiQ will pay $6.45m for 100% of the business, in a combination of cash ($2.55m) and new shares ($3.9m), with an earn-out of up to $2.8m to be based upon Life's FY21E financial performance. The pre-earn-out acquisition multiple ....