Brief: Addtech Acquires Arruti Group
03/06/2022 09:48
June 3 (Reuters) - Addtech AB ADDTb.ST :
* ACQUIRES ARRUTI GROUP
* HAS TODAY SIGNED AN AGREEMENT TO ACQUIRE 100 % OF SHARES
OUTSTANDING IN ARRUTI GROUP
* ADDTECH ENERGY A BUSINESS AREA IN ADDTECH GROUP, HAS TODAY
SIGNED AN AGREEMENT TO ACQUIRE 100 % OF SHARES OUTSTANDING IN
ARRUTI GROUP
* CLOSING WILL TAKE PLACE TODAY AND IS ESTIMATED TO HAVE A
MARGINALLY POSITIVE EFFECT ON ADDTECH'S EARNINGS PER SHARE
DURING CURRENT FINANCIAL YEAR
* ARRUTI GROUP IS HEADQUARTERED IN BILBAO, SPAIN, HAS 90
EMPLOYEES
AND ANNUAL SALES OF APPROXIMATELY EUR 27 MILLION
* ARRUTI GROUP COMPLEMENTS VERY WELL OPERATIONS OF ADDTECH
ENERGY,
WHICH OFFERS SOLUTIONS FOR HIGH-VOLTAGE GRIDS
Source text for Eikon: ID:nWkr4XVDqm
Further company coverage: ADDTb.ST
(Gdansk Newsroom)
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