EC European Capital RTO 1 Signs Letter of Intent to Acquire ION-GAS GmbH
EC European Capital RTO 1 has signed a non-binding Letter of Intent to acquire German analytical technology firm ION-GAS GmbH. The transaction is valued at SEK 45.2 million.
EC European Capital RTO 1 AB has entered into a Letter of Intent (LoI) to acquire 100 percent of the shares in ION-GAS GmbH, a German company specializing in analytical technology. The proposed transaction is structured as a reverse takeover.
ION-GAS GmbH develops advanced systems for the rapid detection of trace substances in breath and other gases. This acquisition would mark a strategic expansion for EC RTO into the field of gas analysis technology.
The proposed deal values the target company at SEK 45.2 million, which translates to SEK 4.52 per existing share. The LoI is non-binding, and negotiations are ongoing.
EC RTO aims to complete the acquisition to enhance its business operations. Further details regarding the terms and conditions of the transaction are expected to be announced as they become available.