EQS-News

Brockhaus Technologies AG: High value realization through sale of Palas

EQS-News: Brockhaus Technologies AG / Key word(s): Disposal/Forecast Brockhaus Technologies AG: High value realization through sale of Palas 24.11.2022 / 17:09 CET/CEST The issuer is solely responsible for the content of this announcement. Brockhaus Technologies AG: High value realization through sale of Palas

• BKHT and Palas management sell 100% of shares in Palas to Swedish technology and industrial group Indutrade AB at a valuation of €100 million.
• Proceeds from sale for BKHT of c. €59 million at closing, plus forward-looking earn-out components for the years 2023 and 2024; a multiple of the €18 million of equity invested at acquisition of Palas in 2018.
• Forecast adjusted to revenue before PPA of €130 to 135 million due to deconsolidation of Palas. Adjusted EBITDA margin forecast unchanged at 35%.
• Proceeds to be used for further expansion of the technology group and increase in shareholder value.

Frankfurt am Main, November 24, 2022. Brockhaus Technologies AG (BKHT, ISIN: DE000A2GSU42) sells its 70% share in the particle measurement specialist Palas. The buyer is the Swedish technology and industrial group Indutrade AB. The contract was signed today, November 24, 2022, and closed on the same day. The proceeds from the sale amount to a multiple of the equity invested in 2018 and are to be used for further expansion of the technology group and increasing shareholder value.

The sale is based on a valuation of Palas of €100 million, which reflects the high attractiveness of the company. The purchase price derived from this valuation is divided into several tranches. A first tranche was paid directly with today's signing of the contract. Two further tranches will follow in a future-oriented earn-out and are dependent on the further success of the company. The earn-out is based on the adjusted EBIT of Palas in 2023 and 2024. The first tranche paid today amounts to c. €59 million (corresponding to c. €5.38 proceeds per share). The two earn-out tranches can generate up to €16.7 million in additional sales proceeds.