BRIEF-Kimball Electronics Acquires European-Based Medical CDMO, Helvoet Polymer Technologies B.V.

Kimball Electronics, Inc.

Kimball Electronics, Inc.

KE

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July 1 (Reuters) - Kimball Electronics Inc KE.O:

  • KIMBALL ELECTRONICS ACQUIRES EUROPEAN-BASED MEDICAL CDMO, HELVOET POLYMER TECHNOLOGIES B.V.

  • KIMBALL ELECTRONICS - DEAL VALUED AT €90 MILLION ($103 MILLION), 9X ESTIMATED 2026 ADJUSTED EBITDA

  • KIMBALL ELECTRONICS INC - KIMBALL FUNDED ACQUISITION THROUGH A COMBINATION OF CASH AND AVAILABLE BORROWING CAPACITY ON EXISTING LINES OF CREDIT

  • KIMBALL ELECTRONICS - DEAL EXPECTED TO BE ACCRETIVE TO FISCAL 2027 ADJUSTED EARNINGS

  • KIMBALL ELECTRONICS INC - HELVOET WILL CONTINUE TO BE LED BY ITS CURRENT LEADERSHIP TEAM, INCLUDING CEO HOGENKAMP

Source text: ID:nBw98qJPGa

Further company coverage: KE.O


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