Sdiptech acquires Auger – SEK 67 (63), new Base case

Research Note

2019-08-29

10:31

Yesterday evening, Sdiptech announced the acquisition of the UK-based Auger Site Investigations Limited. The company serves the insurance industry and is specialized in claims management of underground infrastructure (water, drainage, subsidence) in the UK. We add Auger to our forecasts and remove the future acquisitions we expected in Q3 2019 (SEK 5m in EBITA), resulting in a positive EBITA revision for 2020 of 8.6%. We raise our Base case to SEK 67 (63).

FN

Fredrik Nilsson

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