Alimak Group acquires Avanti Wind Systems and intends to propose a rights issue of up to 800 MSEK
Avanti Wind Systems A/S (“Avanti”) is the market leader in vertical access solutions for wind turbine towers with a strong global footprint. The acquisition broadens and diversifies Alimak Group´s product portfolio and offers an expansion into a growing area of renewable energy. The enterprise value is 91 MEUR which corresponds to a normalized EV/EBIT of 9.5x (2016 proforma level). The acquisition will be financed through a bridge loan intended to be repaid by proceeds from a proposed rights issue of new shares with preferential rights for existing shareholders in Alimak Group AB (publ) (“Alimak Group”) of up to 800 MSEK.
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