DGL Group Ltd (ASX:DGL) acquires Total Coolants for $2.47 million
DGL Group Ltd (ASX:DGL) has announced the strategic acquisition of Total Coolant Management Solutions Pty Ltd for an acquisition price of $2.47 million, representing a valuation of 2.7 x FY21 normalised EBITDA. DGL Founder and CEO Simon Henry said ‘The acquisition of Total Coolants will add to DGL’s mining product range’.
Following the announcement, Eagers Automotive Ltd shares rallied 0.24% to $4.12/share.
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