In the framework of the development and fulfillment of its 2018-2020 Strategic Plan and in follow-up to the Relevant Fact of May 23 of the currents, the Amper Group communicates that as of today, August 1, 2019, it has proceeded to acquire, through its subsidiary NERVION INDUSTRIES, 100% of FORMECAL SL’s social interests, in order to strengthen Amper Industrial, penetrating strategic sectors with greater added value that complement the range of services offered by Nervión Industries. Due Diligence has been satisfactory. Finally, the transaction conditions communicated on May 23 have been negotiated and improved and will be made for a total of 7.2 M euros, payable in 3 tranches: – 3 M already disbursed at the time of signature. – 2.5 M 15 months after signing. – 1.7 M at 27 months of signature. The company subject to the transaction does not present any financial debt or additional obligation to be assumed, and has a recurring turnover of approximately 6 M euros per year with an Ebitda margin on sales of 30%. Likewise, the Company owns three industrial buildings and state-of-the-art machinery, all of which are included in the price. Formecal is a company dedicated to the mechanization of precision and assembly of parts for the industrial and aeronautical sector, where it has the “TIER 2” condition, which means penetrating an expanding sector with high growth potential and accessing customers who are reference in that sector.
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