Brief: Nekkar's Subsidiary Globetech Acquires Satco
03/08/2026 06:05
BRIEF-Nekkar's Subsidiary Globetech Acquires Satco Aug 3 (Reuters) - Nekkar Asa NKR.OL:
GLOBETECH ACQUIRES MARITIME COMMUNICATION AND ELECTRONICS SUPPLIER SATCO
GLOBETECH BUYS 60 PERCENT OF SATCO AS
GLOBETECH TO BUY REMAINING 40 PERCENT OF SATCO AS IN 2029
IN 2025 SATCO HAD REVENUES OF NOK 45 MILLION AND A PROFIT BEFORE TAX OF NOK 12 MILLION
PURCHASE PRICE IS NOT DISCLOSED, IS HIGHLY ACCRETIVE AND STRUCTURED TO DE-RISK ACQUISITION WITH PAYMENTS IN TWO TRANCHES
Source text: ID:nObipd5L9a
Further company coverage: NKR.OL
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