Fortive Agrees To Acquire EA Elektro-Automatik For $1.45B In Cash, Net Of $215M Of Tax Benefits From Bregal Unternehmerkapital
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Fortive has agreed to acquire EA Elektro-Automatik for $1.45 billion in cash, net of $215 million of tax benefits from Bregal Unternehmerkapital. The acquisition is subject to customary closing conditions and regulatory approvals and is expected to close in early first quarter of 2024. The acquisition is expected to be accretive to adjusted gross and operating margins and neutral to modestly accretive to adjusted diluted net earnings per share in fiscal 2024.
October 23, 2023 | 10:02 am
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Fortive's acquisition of EA Elektro-Automatik is expected to be accretive to its gross and operating margins and neutral to modestly accretive to its adjusted diluted net earnings per share in fiscal 2024.
The acquisition of EA Elektro-Automatik by Fortive is expected to be beneficial to the company's financials, potentially leading to an increase in its stock price. The deal is expected to close in Q1 2024, which could lead to increased investor interest in the short term.
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