Brief: Ferronordic Acquires Workshop In Nordhausen, Germany

Ferronordic AB

04/02/2021 13:04

Feb 4 (Reuters) - Ferronordic AB  FNMA.ST :
    * FERRONORDIC EXPANDS NETWORK IN GERMANY WITH THE ACQUISITION OF A WORKSHOP IN NORDHAUSEN
    * HAS SIGNED AN AGREEMENT TO PURCHASE BUSINESS OF BUS UND TRUCK SERVICE GMBH, AN AUTHORISED
VOLVO
AND RENAULT TRUCKS WORKSHOP IN NORDHAUSEN IN CENTRAL GERMANY
    * ACQUISITION IS IN LINE WITH FERRONORDIC'S STRATEGY TO EXPAND AND IMPROVE ITS SERVICE
NETWORK IN
GERMANY
    * TRANSACTION IS EXPECTED TO BE COMPLETED BY MAY 2021
    * TOTAL PURCHASE PRICE AMOUNTS TO EUR 0.65M (*SEK 6.6M)

Source text for Eikon:  ID:nWkr2cgJ4v 
Further company coverage:  FNMA.ST 

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