Pike + Zijlmans completes Purchase Price Allocation relating to Sioen’s acquisition of Verseidag Ballistic Protection

Pike + Zijlmans completes Purchase Price Allocation relating to Sioen’s acquisition of Verseidag Ballistic Protection

In the most critical situations, quality is absolutely essential.  Sioen Ballistics, formerly Verseidag Ballistic Protection Oy, is a leading supplier of ballistic protection equipment in Western Europe and is committed to providing quality products for those critical situations.  With clients ranging from military and police to humanitarian and peace keeping forces, they sell a wide variety of customized protective gear.  Their focus on research and development has led them to conduct countless hours of in-house testing and accumulate a wealth of knowledge regarding protective materials and the conditions that their clients may face.  With this expertise, they provide “Life Saving Design” and state of the art, high quality equipment.

Sioen Industries NV acquired Verseidag Ballistic Protection Oy and requested that Pike + Zijlmans carry out a Purchase Price Allocation (PPA) relating to this transaction. PPA is basically a revaluation of the target company’s balance sheet, recognition of new assets and liabilities and a calculation of residual goodwill.  This is required by accounting regulations when one business acquires another.

Pike + Zijlmans has the expertise to complete complex Purchase Price Allocations and provide state of the art, knowledge-rich, and practical solutions to our clients.  At such a critical time in the life of a business, Pike + Zijlmans provides the quality support needed to get the job done.

 

About Sioen
Sioen is the world market leader in coated technical textiles and technical apparel, protecting people and their belongings.

Sioen has the entire production process under one roof, from the yarn, raw fabric and pigment pastes, to the coating and production of technical apparel. As an industry leader, they pride themselves on their ability to find imaginative solutions to the challenges and ever-changing concerns and demands of their customers, the marketplace and all of their stakeholders.

About Pike + Zijlmans

Clients around the world trust Pike + Zijlmans for business valuation and fixed asset appraisal services. We help stakeholders in a broad range of industries with company valuations ranging from micro-cap to large-cap. Our solutions are state-of-the-art, knowledge-rich, and practical.

 

For more information regarding purchase price allocations or other services provided by Pike + Zijlmans, do not hesitate to contact Andrew Pike at apike@pikezijlmans.com or at +31 70 221 0058.