AVD avada group limited
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News: AVD Avada Group Says Avada NZ Ltd Entered A Binding Agreement To Buy Wilsons TM Limited

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    17/04/23
    08:50
    Post #: 67304041

    April 17 (Reuters) - Avada Group Ltd (AVD) :

    • AVADA NZ LIMITED ENTERED INTO A BINDING AGREEMENT TO ACQUIRE WILSONS TM LIMITED
    • PURCHASE PRICE FOR ACQUISITION INCLUDES CASH PAYMENT ON COMPLETION OF NZ$9.6 MILLION
    • GROUP'S OUTLOOK FOR SECOND HALF OF FY23 REMAINS POSITIVE
    • REVENUE MOMENTUM BUILDING ACROSS BUSINESS FOR FINAL FOUR MONTHS OF FY23
    • ACQUISITION OF WILSONS IS EXPECTED TO BE EARNINGS ACCRETIVE
    • ALSO EXPECTS TO GENERATE COST SYNERGIES FROM INTEGRATING WILSONS AND STANDARDISING BACK-OFFICE OPERATING PROCESSES
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