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PRESS RELEASE Kista 19.03.2021 HANZA expands in Finland with new acquisition HANZA Holding AB ( publ ) has today acquired Suomen Levyprofiili Oy ( " SLP " ) , a successful Finnish manufacturer of sheet metal mechanics . The deal is an important step in HANZA's ongoing work to expand the Group's development clusters . SLP has just over 100 employees and operations in a modern production facility in Joensuu , close to HANZA's other factories in Finland . The acquisition complements HANZA's existing manufacturing technologies in Finland , and thus follows the company's business model of creating customer value by linking different factories and offering complete contract manufacturing . " Regional and complete manufacturing clusters are a recipe for success for our customers , something that has become especially clear during the pandemic , " says HANZA'S CEO Erik Stenfors . " SLP is a well - managed company that strengthens our offering in Finland , and we welcome their talented employees to HANZA . " The SLP vendors are investors connected to the Finnish investment company Helmet Capital Oy . HANZA will take over immediately and will during 2021 work to develop and integrate the factories in Finland in close collaboration with existing customers . " We are pleased to now be part of the HANZA Group " , says Aku Lampola , MD of SLP . " Our customers demand a broader manufacturing offer , and now we will be able to develop faster in Joensuu as well as internationally together with other parts of the HANZA Group . " Financial information and information about the transaction SLP has a turnover of approx . SEK 150 million with earnings before depreciation ( EBITDA ) of approximately SEK 14 million ( 9.3 % ) . The net debt amounts to approx . SEK 22 million . The valuation for 100 % of the shares SLP amounts to approx . SEK 33 million . Furthermore , HANZA will take over a shareholder loan to SLP of approximately SEK 15 million upon accession . The valuation of SLP , including the shareholder loan , thus corresponds to approx . 3.4 times EBITDA and an EV / EBITDA multiple of about 5 . The purchase price consists of a cash fixed purchase price , a cash additional purchase price , and a share part of 1.8 M shares in HANZA issued with the support of the Annual General Meeting's authorization . The shares are covered by a so - called lock - up ( may not be sold ) until and including 1 April 2022. The share capital is thus increased by SEK 180,000 and the number of shares in HANZA after the issue amounts to 32,779,928 . The new issue entails a dilution of approx . 5.5 % . Integration costs are estimated at approx . SEK 6 million and are to mainly be charged to the first quarter of 2021. With consideration to integration and acquisition costs , SLP's contribution to HANZA's operating profit during the first year ( in 2021 ) is thus expected to be limited . The full impact of the acquisition on the HANZA Group will be determined by the purchase price allocation in accordance with IFRS , which has not yet been completed .