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BRIEF-Gentherm Inc announces acquisition of Etratech
November 1, 2017 / 9:08 PM / a month ago

BRIEF-Gentherm Inc announces acquisition of Etratech

Nov 1 (Reuters) - Gentherm Inc

* Gentherm announces acquisition of Etratech; provides platform for continued growth and diversification of product portfolio

* Gentherm Inc - deal for ‍approximately US$64 million​

* Gentherm Inc - deal expected to be accretive to earnings in fiscal 2017 by about eight cents per share on a fully diluted pro-forma basis​

* Gentherm Inc - ‍purchase was funded from Gentherm’s existing available cash​

* Gentherm Inc - ‍it is anticipated that acquisition could grow co’s total electronics revenues to about $200 million by 2019​ Source text for Eikon: Further company coverage:

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