Brief: Momentum Group Acquires Öbergs In Karlstad

Alligo AB

05/02/2021 07:12

Feb 5 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP STRENGTHENS ITS OFFERING IN PNEUMATIC
SOLUTIONS
FOR SWEDISH INDUSTRY - ACQUIRES ÖBERGS IN KARLSTAD
    * SIGNED AN AGREEMENT TODAY TO ACQUIRE 100 PERCENT OF SHARES
IN
ÖBERGS I KARLSTAD AB
    * ÖBERGS GENERATES ANNUAL REVENUE OF APPROXIMATELY MSEK 50
WITH
FAVOURABLE PROFITABILITY AND HAS 12 EMPLOYEES
    * CLOSING IS TAKING PLACE TODAY, 5 FEBRUARY 2021
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE EFFECT
ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR

Source text for Eikon:  ID:nNDL71YMrh 
Further company coverage:  MMGRb.ST 

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