Attendo AB (publ) (OM:ATT) agreed to acquire Team Olivia ABs Swedish care operations from Olivia Holding AB for SEK 950 million on January 15, 2024. The acquired business has annual sales of approximately SEK 1,350 million with a lease-adjusted operating profit of approximately SEK 130 million. The acquisition, fully integrated, is expected to have a positive impact on Attendo's adjusted earnings per share of at least SEK 0.5 per share.

The transaction is expected to lead to integration costs of approximately SEK 25 million in 2024. The purchase price is fully financed through existing cash and credit facilities. The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2024 or at the latest in the second quarter of 2024.

As on March 8, 2024, Attendo has now received approval for the acquisition from the Swedish Competition Authority. The transaction is expected to be completed and consolidated in Attendo's accounts from April 1, 2024. Jan Mehlqvist and Hans Röstorp of KPMG AB acted as due diligence provider to Attendo.