Inside information

Aspo subsidiary makes major acquisition in Sweden – Telko to become a leading local player in distribution of chemicals and Leipurin expands into specialty ingredients and the food industry - Seite 2

The proportion of the purchase price payable in shares will be decided by Aspo prior to closing and the number of shares to be issued will be based on a volume weighted average Aspo share price defined during a 30-day period ending 5 days prior to the closing date. Aspo’s shares are used to align the interests of Aspo Group with the seller, whose key representatives remain in the service of Swed Handling.

The Board of Directors of Aspo is expected to decide on the above directed share issue (if any) to TeRa Invest AB in connection with the closing of the transaction. Shares possibly directed will be subject to a 3-year lock-up period. The possible earnout will be payable in cash in 2026.

Swed Handling (incl. Kebelco) has approximately 100 employees.

* Based on the SEK–EUR exchange rate of 11.7052 on April 26, 2024. Actual future outcomes may differ from the estimates.

Key financials

Acquired entity	Business	Related Aspo segment	Net Sales SEK million	Net Sales EUR million**	EBIT SEK million	EBIT EUR million**
Swed Handling excl. Kebelco	Chemicals ingredients distribution	Telko	586.5 (2023) 657.3 (2022)	51.2 (2023) 61.9 (2022)	54.3 (2023) 55.0 (2022)	4.7 (2023) 5.2 (2022)
Kebelco	Technical food ingredients distribution	Leipurin	94.0 (2023) 80.3 (2022)	8.2 (2023) 7.6 (2022)	6.6 (2023) 7.5 (2022)	0.6 (2023) 0.7 (2022)

** Figures in EUR are based on the average SEK–EUR exchange rates: 10.62583 in 2022 and 11.45634 in 2023

Aspo Plc 

Rolf Jansson  
CEO 

Further information, please contact: 
Rolf Jansson, CEO, Aspo Plc, tel. [phone], [e-mail] 
Mikko Pasanen, Managing Director, Telko, tel. [phone], [e-mail] 
Miska Kuusela, Managing Director, Leipurin, tel. [phone], [e-mail]

Distribution:
Nasdaq Helsinki
Key media
www.aspo.com

Aspo creates value by owning and developing business operations sustainably and in the long term. Our companies aim to be market leaders in their sectors. They are responsible for their own operations, customer relationships and the development of these aiming to be forerunners in sustainability. Aspo supports its businesses profitability and growth with the right capabilities. Aspo Group has businesses in 16 different countries, and it employs a total of approximately 700 professionals.

 

Attachment

• 2024_04_29_Inside information_Aspo subsidiary makes major acquisition in Sweden