Coor Service Management Holding AB (publ) (OM:COOR) signed an agreement to acquire Elite Miljø A/S from Kivi-Tex A/S for DKK 220 million on January 10, 2018. The deal will be fully financed within Coor's existing financing. The purchase price (on a cash and debt-free basis) is equivalent to an EV/EBITA multiple of approximately 11x in relation to the current EBITA and below 7x, when the expected synergies have been fully realized during 2019. Elite Miljø has annual net sales of approximately SEK 700 million (DKK 530.3 million). The deal is subject to the approval of the Danish Competition and Consumer Authority. Handelsbanken Capital Markets acted as financial advisor to Kivi-Tex.