Brief: Addtech Acquires Fey Elektronik

Addtech AB

31/03/2022 13:23

March 31 (Reuters) - Addtech AB  ADDTb.ST :
    * ADDTECH ACQUIRES FEY ELEKTRONIK GMBH
    * FEY HAS 160 EMPLOYEES AND ANNUAL SALES OF AROUND EUR 55
MLN
    * CLOSING WILL TAKE PLACE TODAY AND IS ESTIMATED TO HAVE A
MARGINALLY POSITIVE EFFECT ON ADDTECH'S EARNINGS PER SHARE
DURING NEXT FINANCIAL YEAR
    * FEY SERVES EUROPEAN OEM CUSTOMERS WITH DEVELOPMENT, DESIGN
AND
MANUFACTURE OF CUSTOMIZED BATTERY SOLUTIONS
    * FEY HAS 160 EMPLOYEES AND ANNUAL SALES OF AROUND EUR 55
MLN

Source text for Eikon:  ID:nWkrCCpSp 
Further company coverage:  ADDTb.ST 

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