Convatec Group Plc (LSE:CTEC) acquired EuroTec Beheer B.V. for €29.3 million on January 3, 2017. Under the terms of the acquisition, Convatec paid approximately €25.3 million, including €4.9 million of cash and cash equivalents. €4.0 million was paid on closing into escrow as security for the due and punctual fulfilment by the seller of its obligations under the Share Purchase Agreement. The escrow account will be maintained for 3 years, of which 50% (€2.0 million) will be released to seller on July 3, 2018 and the remaining balance will be released after the third year. EuroTec achieved sales of €10 million in 2016. Sander Holster, Marc Konsten of BDO Corporate Finance BV acted as financial advisor to Convatec Group Plc. Convatec Group Plc (LSE:CTEC) completed the acquisition of EuroTec Beheer B.V. on January 3, 2017.