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Studsvik AB: Studsvik enters into agreement to acquire Extrem Borr och Sågteknik AB

18:00 / 14 June 2024 Studsvik Press release

Studsvik has today entered into an agreement to acquire all the shares in the company Extrem Borr och Sågteknik AB, specialists in various types of segmentation primarily within the nuclear power industry. Under the agreement the acquisition is set to take place on 1 July 2024.

Extrem Borr och Sågteknik AB (EBS) specialises in various types of segmentation mainly within the nuclear power industry (cutting, sawing, drilling etc). The company is based in Ängelholm, has eight employees and acts as a project manager and problem solver in various types of dismantling projects, chiefly involving nuclear facilities. Performing these projects often involves developing and/or adapting equipment to meet customer needs. EBS has annual turnover of more than SEK 30 million, with an operating margin in the order of 30 percent.

The company makes an excellent addition to Studsvik, especially since the expertise and machinery that EBS provides complement the Group's operations in its Decommissioning and Radiation Protection Services (DRPS) business area. The addition of EBS means Studsvik can offer customers a more complete service, with EBS helping to broaden the Group's expertise, thereby facilitating expansion in the Swedish market.

Under the agreement Studsvik will pay an initial purchase consideration of SEK 35 million and an annual additional purchase consideration of up to 7 percent of the initial amount for three years, based on EBS achieving set financial goals.

"EBS complements Studsvik very well, and we see many synergy benefits from this acquisition - in both the short and the long term," says Camilla Hoflund, President and CEO of Studsvik.

Jan and Dorthe Sjöholm, owners of EBS, add: "We are very pleased to have found a long-term owner for our life's work, and are confident that EBS will develop and grow within Studsvik."

The acquisition is expected to have a positive impact on the company's results in 2024.

For further information please contact:

Camilla Hoflund, President and CEO Studsvik AB, +46 155 22 10 66

Facts about Extrem Borr & Sågteknik AB

Extrem Borr & Sågteknik AB provides wire and blade cutting, nibbler cutting, compaction, shearing, drilling and milling in extreme and sensitive environments. We offer complete solutions but also rental/sale of machinery and consulting on working methods.

Facts about Studsvik

Studsvik offers a range of advanced technical services to the global nuclear power industry. Studsvik's business focus areas are fuel and materials technology, reactor analysis software, decontamination and radiation protection as well as technical platforms for handling, conditioning and volume reduction of radioactive waste. The company has more than 75 years' experience of nuclear technology and radiological services. Studsvik has 530 employees in 7 countries and the company's shares are listed on Nasdaq Stockholm.

This information is information that Studsvik AB (publ) is obliged to disclose pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was released for public disclosure, through the agency of the contact person above, on June 14, 2024, at 06:00 pm (CEST).

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