Freightways buys Australian medical waste service for as much as A$10M

Wed, 16 Aug 2017

By Rebecca Howard Aug. 17 (BusinessDesk) - Freightways has snapped up Australian State Waste Services and its related entities, a group that provides medical waste services in Sydney and surrounding regional areas, for an initial payment of A$6 million and said it is expected to be immediately earnings per share positive. The acquisition will be effective from Sept. 1 and the price also includes a potential maximum earn-out payment of A$4 million, measured as at June 30, 2021 and based on incremental earnings performance, Freightways said...

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