Pike + Zijlmans completes Purchase Price Allocation (PPA) relating to the acquisition of Ursuk Oy

Pike + Zijlmans completes Purchase Price Allocation (PPA) relating to the acquisition of Ursuk Oy by Sioen Industries NV

“Safety and comfort for extreme conditions.” That is the motto at Finnish company Ursuk Oy and is absolutely essential to their clienteles’ way of life. With modest beginnings as a dive shop, Ursuk’s original product lines were customized diving equipment.  Over time they have expanded to also serve customers above the water in both recreational and professional settings.  From the depths of the ocean to the floors of a chemical processing facility, their products truly face some of the most extreme environments on our planet.  Customers look to Ursuk for reliable gear to keep them comfortable and safe, day in and day out.

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

Due to our experience in a wide range of industries, Pike + Zijlmans is able to perform Purchase Price Allocation (PPA), business valuations, and fixed asset appraisal for clients in unique settings.  Pike + Zijlmans boasts diverse expertise, enabling us to provide clients around the world with the solutions and support they need.

 

 

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 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.