Absolent Group acquires DCS Group of Companies in the UK

ABSOLENT GROUP ACQUIRES DCS GROUP OF COMPANIES IN THE UK

DCS Limited & Cades Limited both enjoy established reputations for providing quality dust extraction systems for customers in a number of industries, including pharmaceutical, food and beverage, engineering and woodworking.

The DCS business assets also include Ecogate Limited and Gallito Limited which between them manufacture a range of industry-associated products including Fastclip ducting and microprocessor-controlled extraction optimization systems designed to improve extraction efficiency.

This acquisition will significantly enhance Absolent Group’s presence in the dust and fume extraction market. DCS’s service offering is currently limited to the UK, however, bringing these products into the Absolent Group provides an opportunity to expand the brands’ presence to overseas markets, utilising the global experience of Absolent Group’s worldwide distributor and subsidiary network whilst creating valuable synergies within the group.

DCS had a consolidated turnover of GBP 11,4 million during 2018 and have an expected consolidated EBITDA margin of 13%. The acquisition price is GBP 6,6 million. DCS will with immediate effect be integrated and consolidated into Absolent Group. The acquisition is financed by cash and is expected to have a positive impact on the earnings per share.

Lidköping January 31 2019

Further information:
Axel Berntsson, President and CEO: +46 510 – 484000

Absolent Group AB is listed on Nasdaq First North Stockholm.
Certified Adviser for Absolent Group AB is Erik Penser Bank, +46 8 – 4638300
Email: certifiedadviser@penser.se  

The following documents can be retrieved from beQuoted
Absolent Pressrelease 2019-01-31 English.pdf