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AMA GROUP LIMITED — M&A Activity 2015
Oct 19, 2015
64372_rns_2015-10-19_770763ea-f39a-4a01-bc6e-8934404c3423.pdf
M&A Activity
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20 October 2015
FINALISATION OF WOODS ACQUISITON
The directors of AMA Group Limited (AMA) (ASX:AMA) are pleased to announce that further to the company announcement on 13 May 2015, AMA has finalised renegotiations for the acquisition of Woods Accident Repair Centres (Woods).
Under the revised arrangement, AMA will now pay a total purchase price of $2.05 million in full settlement for the acquisition of Woods, including a majority stake in the Woods controlled Trackright business.
Based on first quarter earnings for Woods and Trackright this financial year, this equates to a purchase price of less than 1.5 times EBITDA.
AMA has completed the acquisition of its majority position in Trackright and anticipates completion of the purchase of Woods on 1 November 2015.
For and on behalf of the Board,
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Terri Bakos Company Secretary AMA Group Ltd
Phone; 61 (0) 3 9824 5254 Registered Office: Fax: 61 (0)3 9822 7735 Suite 1, 1233 High Street, www.amagroupltd.com.au Armadale, Victoria 3143
AMA Group Limited ABN: 50 113 883 560 Page 1 of 1