Brief: Addtech Acquires Hydro-Material

Addtech AB

31/03/2021 11:38

March 31 (Reuters) - Addtech AB  ADDTb.ST :
    * ADDTECH ACQUIRES HYDRO-MATERIAL OY
    * ADDTECH ACQUIRES HYDRO-MATERIAL OY
    * ADDTECH COMPONENTS, A BUSINESS AREA IN ADDTECH GROUP, HAS
TODAY
SIGNED AN AGREEMENT TO ACQUIRE 100% OF SHARES OUTSTANDING IN
HYDRO-MATERIAL OY.
    * HYDRO-MATERIAL WILL VERY WELL COMPLEMENT OPERATIONS WITHIN
ADDTECH COMPONENTS FINLAND BUSINESS UNIT.
    * CLOSING WILL TAKE PLACE DURING APRIL AND IS ESTIMATED TO
HAVE A
MARGINALLY POSITIVE EFFECT ON ADDTECH'S EARNINGS PER SHARE
DURING NEXT FINANCIAL YEAR.
    * HYDRO-MATERIAL OY HAS SALES OF APPROXIMATELY EUR 5 MILLION
AND 5
EMPLOYEES.

Source text for Eikon:  ID:nWkr5wQdyK 
Further company coverage:  ADDTb.ST 

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