Metacon AB acquires remaining shares in Helbio for hydrogen generation and energy systems.
Metacon has reached an agreement to acquire the remaining 41.13% of the shares in Helbio Holdings SA in an all-stock transaction. Metacon already owns 58.87% of Helbio since before.
Following the acquisition, Helbio Holdings will be a wholly owned subsidiary of Metacon in the product categories hydrogen generation and energy systems. The shares are being acquired from a number of different shareholders at a valuation of about SEK 315m for 100% of the company.
Metacon will pay about SEK 129.4 million in total consideration for the 41.13%, by way of issuing 23,556,273 Metacon shares, fixed at SEK 5.50 price per share. There will be 256,763,575 shares issued and outstanding in Metacon post Helbio transaction.
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Chris Tornblom, President and CEO, Metacon.
We are very pleased with this acquisition, which is a natural step in our ambition to increase efficiency within the Metacon group and achieve full integration.
“By doing that we will be able to obtain cost synergies, financial consolidation and optimize roles and responsibilities for all members of the group.”
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Metacon AB acquires remaining shares in Helbio, June 4, 2021
