Brief: Momentum Acquires 70% In HNC Group In Denmark

Momentum AB

19/05/2022 07:28

May 19 (Reuters) - Momentum Group  MMGRb.ST :
    * SAID ON WEDNESDAY ACQUIRED 70% IN HNC GROUP A/S WITH ITS
UNITS
HNC TECHNIK GMBH IN GERMANY AND SANIFLOW APS
    * HNC OFFERS SOLUTIONS FOR INDUSTRIAL AUTOMATION IN DENMARK
    * CLOSING IS EXPECTED TO TAKE PLACE IN BEGINNING OF JUNE
2022
    * ACQUISITION EXPECTED TO HAVE MARGINAL POSITIVE IMPACT ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR
    * HNC HAS SALES OF ABOUT SEK 60 MLN AND JUST OVER 30
EMPLOYEES

        
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