Brief: Momentum Group Acquires WEH Sweden

Momentum AB

17/11/2023 10:44

Nov 17 (Reuters) - Momentum Group AB  MMGRb.ST :
    * MOMENTUM GROUP ACQUIRES WEH SWEDEN – STRENGTHENS ITS
OFFERING IN
GAS AND HYDROGEN COMPONENTS
    * HAS TODAY, THROUGH ITS SUBSIDIARY PROCESSKONTROLL ITEMS,
SIGNED
AN AGREEMENT TO ACQUIRE 100 PER CENT OF SHARES IN WEH SVERIGE AB
    * CLOSING EXPECTED TO TAKE PLACE AT END OF NOVEMBER
    * ACQUISITION EXPECTED TO HAVE A MARGINAL POSITIVE IMPACT ON
MOMENTUM GROUP'S EARNINGS PER SHARE DURING CURRENT FINANCIAL
YEAR
    * WEH SWEDEN WILL BE INTEGRATED INTO ITEMS AND WILL, UNDER
CURRENT
MANAGEMENT, BE A COMPETENCE CENTRE IN ITS FOCUS AREAS

Source text for Eikon:  ID:nMFN7MM46X 
Further company coverage:  MMGRb.ST 

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