Polygiene completes acquisition of the UK based additive company Addmaster

Publish date: 8 jan 2021

Polygiene AB (publ) (“Polygiene”) has today completed the previously announced acquisition of Addmaster Holdings Limited (”Addmaster”). The acquisition was announced in a press release on 10 December 2020.

Polygiene has today acquired all outstanding shares and completed the acquisition of the UK based additive company Addmaster, a leading global supplier of antibacterial additives for hard surfaces, for a purchase price, on a cash and debt free basis, of approximately SEK 374 million. The purchase price in the acquisition is paid partly through approximately SEK 249 million in cash, partly through an issue in kind of 4,564,174 shares in Polygiene, corresponding to a value of approximately SEK 125 million.

For more information about the acquisition of Addmaster, please see the press release from 10 December 2020 when the acquisition was announced.

This information was submitted for publication, through the agency of the contact person set out below, at 8 January 2021, at 20:05 CET.