v3.25.1
Business combinations during the period.
12 Months Ended
Dec. 31, 2024
Business combinations during the period.  
Business combinations during the period.

28. Business combinations during the prior periods

On June 21, 2022 we acquired, in an all-cash transaction, 100% of the shares and voting interests of CellPoint for a total agreed payment at completion of €125 million, including consideration for other liabilities associated with the transaction amounting to €10.3 million. Additional contingent consideration up to €100.0 million is due when certain milestones would be achieved.

On the same date we acquired all of the outstanding capital of AboundBio, for a total agreed price of $14 million, including consideration for other liabilities associated with the transaction.

Details of the fair value of identifiable assets and liabilities acquired in both transactions, the purchase consideration, the goodwill at the acquisition date and the net cash outflow arising on acquisition are as follows:

June 21, 2022

(Euro, in thousands)

CellPoint

AboundBio

Total

    

Book value

    

Adjustment

    

Fair value

    

Book value

    

Adjustment

    

Fair value

    

Intangible assets other than goodwill

120,517

120,517

4,053

4,053

Property, plant and equipment

1,289

1,289

965

965

Other non-current assets

81

81

4

4

Trade and other receivables

162

162

Cash and cash equivalents

3,179

3,179

4,279

4,279

Other current assets

1,254

1,254

536

536

Deferred tax liabilities

(22,368)

(22,368)

(907)

(907)

Trade and other liabilities

(32,789)

(32,789)

(587)

(587)

Current deferred income

(474)

(474)

Net assets acquired

(26,824)

98,149

71,325

4,723

3,146

7,869

Consideration paid in cash

107,750

14,976

Fair value re-measurement of previously held equity investment

342

Deferred consideration

5,808

Fair value of contingent consideration

20,211

Fair value of total consideration

133,769

15,318

Goodwill

62,444

7,449

Exchange differences on goodwill

(80)

Goodwill in the balance sheet at December 31, 2022

62,444

7,369

69,813

Net cash outflow arising on acquisition (2022)

Consideration paid in cash

107,750

14,976

Less: cash and cash equivalents balances acquired

(3,179)

(4,279)

Cash out from acquisition of subsidiaries, net of cash acquired (paid in 2022)

104,571

10,698

115,270

Cash used in operating activities for other liabilities related to the acquisition of subsidiaries (2022)

28,164

28,164

Cash out from acquisition of subsidiaries (payment of deferred consideration in 2023)

7,000

7,000