Brief: Hanza Acquires Budelmann Elektronik GMBH In Germany

Hanza AB

04/07/2022 16:42

July 4 (Reuters) - Hanza AB  HANZA.ST :
    * HANZA ACQUIRES PRODUCT DEVELOPMENT COMPANY IN GERMANY
    * HANZA AB- HANZA AB HAS TODAY ACQUIRED BUDELMANN ELEKTRONIK
GMBH
IN MÜNSTER, GERMANY
    * HANZA AB- BUDELMANN WILL CHANGE ITS NAME TO "HANZA PRODUCT
DEVELOPMENT SERVICES GMBH" AND WILL BE A CENTRAL RESOURCE FOR
ALL HANZA CUSTOMERS
    * HANZA AB- ACQUISITION IS ALMOST DEBT-FREE AND HAS AN
ANNUAL
TURNOVER OF APPROXIMATELY 15 MSEK
    * HANZA AB- PURCHASE PRICE FOR SHARES IS APPROX. 8 MSEK,
WITH A
FURTHER APPROX. 2 MSEK IN FORM OF AN ADDITIONAL PURCHASE PRICE

Source text for Eikon:  ID:nWkrWqJZ1 
Further company coverage:  HANZA.ST 

 ((Reuters.Briefs@thomsonreuters.com;;))