Brief: Garo Expands Operations In Sweden

Garo AB

09/03/2022 08:04

March 9 (Reuters) - Garo AB  GARO.ST :
    * GARO EXPANDING OPERATIONS IN SWEDEN
    * WILL EXPAND OPERATIONS IN SWEDEN BY RELOCATING A
SIGNIFICANT
PART OF OPERATIONS IN GARO ELECTRIFICATION BUSINESS AREA FROM
THREE FACILITIES TO A NEW FACILITY IN HILLERSTORP
    * FACILITY IN HILLERSTORP THAT GARO IS LEASING WILL COMPRISE
PRODUCTION, A WAREHOUSE AND OFFICES THAT WILL BECOME OPERATIONAL
IN AUTUMN/WINTER 2022
    * EXISTING LEASE FOR PROPERTY IN VÄRNAMO HAS BEEN TERMINATED
AND A
SMALLER INDUSTRY PROPERTY IN GNOSJÖ WILL BE DIVESTED WITH AN
ASSESSED MARKET VALUE OF ABOUT MSEK 15

Source text for Eikon:  ID:nWkr6tSygG 
Further company coverage:  GARO.ST 

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