Brief: Arjo Acquires Equity Stake In Atlas Lift Tech

Arjo AB (publ)

11/07/2019 06:54

July 11 (Reuters) - Arjo AB (publ)  ARJOb.ST :
    * ARJO ACQUIRES EQUITY STAKE IN ATLAS LIFT TECH - A SILICON
VALLEY
TECH-COMPANY OFFERING PATIENT HANDLING SOLUTIONS AND REAL-TIME
EFFICIENCY ANALYTICS
    * DURING Q3 OF 2018, ARJO AND ATLAS BEGAN EXPLORING
POSSIBILITIES
OF GAINING MARKET SHARE IN US
    * THERE IS A PERFORMANCE-BASED OPTION FOR ARJO TO ACQUIRE
ADDITIONAL EQUITY IN ATLAS.
    * INVESTMENT AND COMMERCIAL COLLABORATION IS EXPECTED TO
HAVE A
POSITIVE IMPACT ON ARJO'S RESULTS ALREADY IN 2019
    * INVESTMENT AND COMMERCIAL COLLABORATION IS EXPECTED TO
HAVE A
POSITIVE IMPACT ON ARJO'S NET SALES, GROSS MARGIN AND EARNINGS
PER SHARE ALREADY IN 2019

Source text for Eikon:  ID:nWkr1c1LY6 
Further company coverage:  ARJOb.ST 

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