Brief: Momentum Acquires LocTech, Strengthens Its Offering In Sealing Technology

Momentum AB

15/02/2023 15:21

Feb 15 (Reuters) - Momentum Group AB  MMGRb.ST :
    * ACQUIRES LOCTECH, STRENGTHENS ITS OFFERING IN SEALING
TECHNOLOGY
    * MOMENTUM GROUP HAS TODAY, THROUGH ITS SUBSIDIARY MOMENTUM
INDUSTRIAL, SIGNED AGREEMENT TO ACQUIRE 100 PERCENT OF SHARES IN
LOCTECH
    * CLOSING IS EXPECTED TO TAKE PLACE 1 MARCH
    * ACQUISITION IS ESTIMATED TO HAVE MARGINAL POSITIVE IMPACT
ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR

Source text for Eikon:  ID:nMFN5KM6Cg 
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