Vaisala acquires all the shares in Leosphere for a purchase price (cash and debt free) of € 38 million. Acquisition will be financed partly with cash and partly with interest-bearing debt.
Leosphere’s net sales in 2017 amounted to € 27 million and Vaisala will report Leosphere results as part of Weather and Environment Business Area’s financial results after the completion of acquisition in October 2018. Following this acquisition, Vaisala estimates its full-year 2018 net sales to be in the range of € 340-360 million and its operating result (EBIT) to be in the range of € 30-36 million. The acquired business is estimated to contribute around EUR 10 million in net sales with around 10% operating profit (EBIT) margin in Vaisala’s fourth quarter 2018.