Brief: Momentum Group Acquires Sikama

Momentum AB

20/03/2024 07:30

March 20 (Reuters) - Momentum Group AB  MMGRb.ST :
    * ACQUIRES SIKAMA, STRENGTHENS ITS POSITION IN GAS AND FLUID
HANDLING
    * SIKAMA WILL BE PART OF NEW INFRASTRUCTURE BUSINESS AREA
UNDER
FLOW TECHNOLOGY BUSINESS UNIT
    * TO ACQUIRE 60% OF SHARES IN SIKAMA AB, A SPECIALIST IN GAS
AND
FLUID HANDLING FOR INDUSTRIAL CUSTOMERS IN SWEDEN
    * ACQUISITION IS EXPECTED TO HAVE A MARGINAL POSITIVE IMPACT
ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR

Source text for Eikon:  ID:nMFN5cpck4 
Further company coverage:  MMGRb.ST 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7696600;))