Graco Inc. Signs Definitive Agreement to Acquire Corob S.p.A For €230M With Up To €30M Contingent Consideration, Corob Had Revenue Of €110M In Q4; Transaction Expected To Close In Q4
Portfolio Pulse from Benzinga Newsdesk
Graco Inc. has signed a definitive agreement to acquire Corob S.p.A for €230 million, with an additional contingent consideration of up to €30 million. Corob reported €110 million in revenue for Q4. The transaction is expected to close in Q4.
September 26, 2024 | 8:14 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Graco Inc. is acquiring Corob S.p.A for €230 million, with a potential additional €30 million contingent consideration. Corob's Q4 revenue was €110 million. The acquisition is expected to close in Q4.
The acquisition of Corob S.p.A by Graco Inc. is a significant strategic move, potentially expanding Graco's market reach and product offerings. The deal's size and Corob's substantial Q4 revenue suggest a positive impact on Graco's financials, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100