Nekkar ASA: Completion of Globetech acquisition
15 August 2024 – Nekkar ASA has today successfully completed the acquisition of a 67 percent ownership share of fast-growing and profitable maritime connectivity and digital service provider Globetech AS.
Reference is made to the stock exchange announcement dated 3 July 2024 regarding the two-stage transaction which by 2027 secures 100 percent ownership of Globetech.
In the first stage, Nekkar has acquired 67 percent ownership of Globetech. The share purchase for the 67 percent ownership share has been settled by NOK 66 million in cash, including a locked-box interest amount, and NOK 15 million in Nekkar ASA shares. The cash-based consideration has been covered by Nekkar’s solid cash balance, while the share-based consideration has been settled by transfer of 1.482.550 of Nekkar’s treasury shares.
Following completion of this transaction, Nekkar holds a total of 1,320,983 own shares, corresponding to 1.23 percent of the shares in the company.
In 2027, Nekkar will acquire the remaining 33 percent of outstanding shares in Globetech. The consideration will be settled in cash based on a multiple of achieved EBITDA in 2027.
(ENDS)
Disclosure regulation
This information is subject to the disclosure requirements pursuant to Section 5-12 the Norwegian Securities Trading Act.
Contacts
- Ole Falk Hansen, CEO, +47 988 14 184, ir@nekkar.com
About Nekkar ASA
Nekkar (OSE: NKR) is an industrial technology group offering impact technologies combined with high-end software solutions. The group combines 50 years' heritage from the world's number one shiplift company, Syncrolift, with new investments into sustainable, digitalised technology businesses that aim to unlock growth within ocean-based industries such as offshore energy, renewables and aquaculture.