Aqua Bio Technology ASA – completion of acquisition of

28.7.2022 08:58:27 CEST | Aqua Bio Technology ASA | Within info

Reference is made to inventory trade announcement 28 June 2022 -
https://newsweb.oslobors.no/concept/565986.

The Because of Diligence method has been completed and the board of ABT has
unanimously picked to complete the acquisition of Cosmed Beauty AS and Ultrabody
AB.

By combining ABT's situation as a products supplier with Cosmed Beauty AS and
Ultrabody AB's potential in distribution, ABT controls a really rewarding benefit
chain from generation, distribution, to end buyers in Norway and Sweden.

Manufacturing and distribution of skincare goods is a pretty worthwhile marketplace,
but there are also lower obstacles to entry for new gamers. There are a substantial
numbers of skincare distributors in the Nordic sector and ABT sees wonderful
consolidation prospects in this market place. Adapting to these opportunities will
be useful for ABTs buyers.

Cosmed and Ultrabody is heading for a turnover of 17-18 MNOK in 2022 with an
EBITDA of around 4-5 MNOK. The price range for Cosmed Elegance AS and Ultrabody AB
demonstrates an expanding EBITDA margin and yearly average expansion fee of extra than
50% p.a. for the yrs 2022 to 2027. As a consequence of the acquisition, Cosmed
and Ultrabody's money outcomes will turn out to be consolidated economic statements
in ABT from August 2022.

From August 2022, Cosmed Elegance and Ultrabody will also supply nutrition items
from Hofseth BioCare ASA - https://hofsethbiocare.com/ in Norway and Sweden in
addition to skincare products. "Elegance from inside of" is a large development among the
skincare distributors and this expects to contribute positively to Cosmed Attractiveness
and Ultrabody`s revenue advancement.

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For more information and facts, make sure you contact CEO Håvard Lindstrøm cellular telephone +47
941 32 288.

Aqua Bio Technological know-how (ABT) is creating and commercializing sustainable
biotechnology for use in skincare products and solutions. ABT's cosmetics components are
very successful and they give the cosmetics industry with natural
alternate options to conventional substances. ABT is also advertising and marketing and distributing
all-natural skincare products and solutions created by partners toward buyers and
qualified customers. ABT's emphasis on commercialization and advancement of all-natural
ingredients and all-natural skincare items has been, and will continue to be, an
crucial component of the Company's tactic likely forward. Aqua Bio Engineering is
detailed on the Euronext Broaden marketplace of the Oslo Stock Trade.

 

DISCLOSURE REGULATION

This information is subject matter of the disclosure demands pursuant to section
of 5-12 of the Norwegian Securities Investing Act.

CONTACTS

 * Håvard Lindstrøm, 004794132288, [email protected] 

ABOUT AQUA BIO Technological know-how ASA

Aqua Bio Technologies (ABT) is building and commercializing sustainable
biotechnology for use in pores and skin care items. ABT's cosmetics components are
highly helpful and they offer the cosmetics business with pure
alternate options to classic ingredients. ABT is also marketing and advertising and distributing
organic skin care goods developed by partners toward customers and
skilled end users. Aqua Bio Engineering is mentioned on Euronext Expand.

ATTACHMENTS

Download announcement as PDF.pdf -
https://kommunikasjon.ntb.no/ir-information/17847556/1632/2200/Download%20announcement
%20as%20PDF.pdf

Simply click here for much more information and facts

© Oslo Bors ASA, source Oslo Stock Exchange