Brief: C-Rad To Focus Its Sales Resources On Its Core Business

C Rad AB

11/07/2019 07:40

July 11 (Reuters) - C-Rad AB  CRADb.ST :
    * C-RAD TO FOCUS ITS SALES RESOURCES ON ITS CORE BUSINESS
GOING
FORWARD
    * MUTUALLY AGREED TO TERMINATE DISTRIBUTION AGREEMENT WITH
GERMANY
BASED COMPANY IBA DOSIMETRY GMBH
    * AT SAME TIME C-RAD WILL ALSO EXPAND ITS DIRECT SALES
TERRITORY
TO BALTIC COUNTRIES
    * DISTRIBUTION AGREEMENT IS TERMINATED EFFECTIVE SEPTEMBER
30,
2019
    * DISCONTINUATION OF DISTRIBUTION OF DOSIMETRY PRODUCTS WILL
HAVE
NEGLECTABLE IMPACT ON REVENUE AND OPERATING PROFIT GOING FORWARD
    * C-RAD WILL WORK CLOSELY WITH IBA TO ENSURE A SMOOTH
TRANSITION
OF CUSTOMER RELATIONSHIP WITH REGARDS TO PRODUCTS EFFECTED

Source text for Eikon:  ID:nGNE7qqH3z 
Further company coverage:  CRADb.ST 

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