TOMRA Systems - M&A Activity 2014

TOMRA: DIVESTMENT OF TOMRA COMPACTION

Reference is made to Tomra's third quarter 2014 financial report released 17

October 2014, where Tomra announced that it has initiated a process for

divesting its Compaction business (Orwak).

Tomra has today signed an agreement with San Sac Nordic AB, owned by the

investment fund Accent Equity 2012, to sell 100% of the shares in Tomra

Compaction Group AB for a consideration of 110 MSEK (free of cash and interest

bearing debt). The Compaction segment within Tomra reports yearly revenues of

approximately 200 MSEK with single digit EBITA margin. The book value of the

assets covered by the transaction is approximately 170 MSEK, of which

approximately 50% is intangibles (goodwill). In addition to regular transaction

costs, Tomra will also cover some divestment/restructuring cost which are not

yet quantified. Closing should find place no later than 13 February 2015.

For further information please contact CFO Espen Gundersen, telephone +47 97 68

73 01.

Asker, 12th December 2014

Tomra Systems ASA

TOMRA was founded on an innovation in 1972 that began with design, manufacturing

and sale of reverse vending machines (RVMs) for automated collection of used

beverage containers. Today TOMRA has ~170,000 installations in over 80 markets

worldwide and had total revenues of ~4.6 billion NOK in 2013. The Group employs

~2,500 globally, and is publicly listed on the Oslo Stock Exchange. (OSE: TOM)

The TOMRA Group continues to innovate and provide cutting-edge solutions for

optimal resource productivity within two main business areas: Collection

Solutions (reverse vending, material recovery and compaction) and Sorting

Solutions (recycling, mining and food sorting). For further information about

TOMRA, please see www.tomra.com

AI assistant