Ebos Group Ltd said it will be debt-free after selling its portfolio of scientific businesses to VWR International of the United States for an undisclosed sum.The medical equipment supplier announced the sale today and said its full-year result to be rel
Ebos Group Ltd said it will be debt-free after selling its portfolio of scientific businesses to VWR International of the United States for an undisclosed sum.
The medical equipment supplier announced the sale today and said its full-year result to be released on August 26 will be in line with market expectations and will reflect another excellent trading year.
The scientific businesses included in the sale, which completes on September 1, are Global Science and Technology in New Zealand and Quantum Scientific and Crown Scientific in Australia.
"Upon receipt of the settlement funds, Ebos will be essentially debt free," the company said in a statement to NZX.
Ebos is focusing on the healthcare market exclusively.
"We are confident that VWR International provides the best possible opportunity for our scientific staff," the company said.
Ebos shares rose seven cents to $6.50 on the announcement.
