Brief: Enertronica Says Acquires Tecnobus To Enter Electric Mobility Sector

Enertronica Santerno SpA

12/02/2018 06:58

Feb 12 (Reuters) - Enertronica SpA  ENER.MI : 
    * SAID ON FRIDAY THAT IT HAS SIGNED A PRELIMINARY CONTRACT 
FOR 
BRAND AND KNOW-HOW ACQUISITION FROM TECNOBUS SPA 
    * THE PLAN INCLUDES THE SETUP OF BUSX, A NEW COMPANY THAT 
WILL BE 
85% OWNED BY ENERTRONICA 
    * BUSX WILL PRODUCE AND SELL EXCLUSIVELY SMALL ELECTRIC 
BUSES AND 
ELECTRIC SPECIAL COMMERCIAL VEHICLES  
    * THE DEVELOPMENT OF THE PROJECT WILL COUNT ON ABOUT EURO 5 
MILLION INVESTMENTS IN 2018-2021 
    * THE ACQUISITION OF BRAND AND KNOW-HOW WILL REPRESENT ABOUT 
EURO 
800,000 OF THE SAID INVESTMENTS 
    * FINAL CLOSING SHALL TAKE PLACE WITHIN 4 MONTHS FROM THE 
PRELIMINARY CONTRACT 
 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA88ZDWT 
     
 Further company coverage:  ENER.MI   
    
 
 
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