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OTI Greentech AG
ISIN: DE000A2TSL22
WKN: A2TSL2
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OTI Greentech AG · ISIN: DE000A2TSL22 · EQS - adhoc news (37 News)
Country: Germany · Primary market: Germany · EQS NID: 1222925
30 July 2021 10:23AM

OTI Greentech AG: OTI Greentech AG signs agreement to acquire KMI Cleaning Solutions, Inc.


DGAP-Ad-hoc: OTI Greentech AG / Key word(s): Mergers & Acquisitions/Miscellaneous
OTI Greentech AG: OTI Greentech AG signs agreement to acquire KMI Cleaning Solutions, Inc.

30-Jul-2021 / 10:23 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.


Public disclosure of inside information in accordance with Article 17 MAR

OTI Greentech AG signs agreement to acquire KMI Cleaning Solutions, Inc.

Berlin, 30 July 2021 - OTI Greentech (AG ISIN DE000A2TSL22, "OTI"), an international provider of innovative and sustainable chemicals and services for industrial applications listed on the stock exchange in Düsseldorf has entered into a binding agreement to acquire 100 percent of the shares of KMI Cleaning Solutions, Inc. ("KMI") (see ad hoc dated October 15, 2020). The purchase price includes a cash component of US$ 2.762 million, of which US$ 1.120 million is due at the time of acquisition. The remaining amount will be paid in variable installments over time.

In addition to the cash component, another 2,996,095 shares will be issued as part of capital increase through contributions in kind. A value per share of EUR 1.18 was agreed. This will increase nominal equity to € 10,514,235 by the end of the 3rd quarter of 2021. After completion of the capital increase, the owners of KMI will become significant shareholders of OTI. The legal implementation and closing of the acquisition is expected by the end of August 2021.

After consolidation, OTI expects revenues of approximately € 8.5 million and positive earnings before interest, taxes, depreciation and amortization, EBITDA, in 2021.

 

 


Information and Explanation of the Issuer to this News:

The 2020 annual report can be downloaded from www.oti.ag under Investor Relations (available in German).

Contact: OTI Greentech AG
Dr. John C. Kisalus
info@oti.ag
Tel. +49 30 220 136 900
Potsdamer Platz 1, 7.OG
10785 Berlin

edicto GmbH
Axel Mühlhaus, Dr. Sönke Knop
sknop@edicto.de
Tel. +49 69 905505-51
Eschersheimer Landstr. 42-44
60322 Frankfurt


30-Jul-2021 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: OTI Greentech AG
Friedrichstraße 79
10117 Berlin
Germany
Phone: +49 30 887 865 62
Fax: +49 30 690 884 88
E-mail: info@oti.ag
Internet: www.oti.ag
ISIN: DE000A2TSL22
WKN: A2TSL2
Listed: Regulated Unofficial Market in Dusseldorf
EQS News ID: 1222925

 
End of Announcement DGAP News Service

1222925  30-Jul-2021 CET/CEST

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This publication was provided by our content partner EQS3.

EQS Newswire
via EQS - Newsfeed
EQS Group AG ©2025
(DGAP)
Contact:
Karlstraße 47 D-80333 München
+49 (0) 89 444 430-000

 

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P R O D U C T   S U G G E S T I O N S

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