# Agthia Group agrees to acquire BMB Group

Agthia Group PJSC agreed to acquire 100% of BMB Group for an undisclosed amount, fully funded by cash. BMB generated revenues of around AED 270 million and EBITDA of approximately AED 54 million in the last twelve months ending June 30, 2021.

- Type: Acquisition
- Announced: 2021-09-01
- Status: announced
- Products: food products
- Sectors: [Food Processing Equipment](https://endata.com/sectors/food-processing-equipment.md)

## Companies

- [Agthia Group](https://endata.com/companies/7288.md) (acquirer)
- [BMB Group](https://endata.com/companies/57435.md) (target)

## Sources

- [marketscreener.com](https://www.marketscreener.com/quote/stock/AGTHIA-GROUP-9059498/news/Agthia-Group-PJSC-agreed-to-acquire-BMB-Group-36298078/), 2021-08-31: "Agthia Group PJSC agreed to acquire BMB Group on September 1, 2021."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.