Brief: Harvia Acquires Phoenix El-Mec In Italy

Harvia Oyj

29/09/2023 12:03

Sept 29 (Reuters) - Harvia Oyj  HARVIA.HE :
    * TO INVEST IN SUPPLY CHAIN RESILIENCE BY ACQUIRING PHOENIX
EL-MEC
IN ITALY
    * HAS SIGNED AND CLOSED AN AGREEMENT TO ACQUIRE PHOENIX
EL-MEC
SRL, A MANUFACTURER OF ELECTROMECHANICAL TIMERS FOR SAUNA
HEATERS
    * PHOENIX EL-MEC'S REVENUE TOTALED APPROXIMATELY EUR 1.4
MILLION
IN 2022
    * PHOENIX EL-MEC WILL CONTINUE OPERATING AT THEIR CURRENT
PREMISES
IN BELLUNO WITH CURRENT PERSONNEL OF 13 EMPLOYEES

Source text for Eikon:  ID:nGNE9zrvYy 
Further company coverage:  HARVIA.HE 

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