Edition:
United Kingdom

Fagron Acquires Humco in United States


Tuesday, 3 Apr 2018 

April 3 (Reuters) - FAGRON NV ::FAGRON STRENGTHENS STRATEGIC POSITION IN USA THROUGH HIGHLY COMPLEMENTARY ACQUISITION OF HUMCO.ACQUISITION PRICE FOR HUMCO AMOUNTS TO US$ 47.5 MILLION (APPROXIMATELY EUR 38.6 MILLION).ACQUISITION PRICE INCLUDES POTENTIAL PERFORMANCE LINKED EARN-OUT OF UP TO US$ 22.5 MILLION IN CASH OVER A TWO-YEAR PERIOD.TOTAL CONSIDERATION FOR ACQUISITION OF HUMCO IS THUS CAPPED AT US$ 70.0 MILLION.TRANSACTION INCLUDES ALL TECHNOLOGIES, SCIENTIFIC DATA, PATENTS AND TRADEMARKS AND PRODUCTION FACILITY OF HUMCO IN TEXAS.