Brief: Teqnion Acquires Norband
02/06/2026 13:13
BRIEF-Teqnion Acquires Norband June 2 (Reuters) - Teqnion AB TEQ.ST:
TEQNION ACQUIRES NORBAND LTD. OY
SIGNED AN AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES IN NORBAND LTD. OY
NORBAND HAS DELIVERED CLOSE TO €4 MILLION IN ANNUAL REVENUE ON AVERAGE, WITH ROBUST MARGINS OVER PAST THREE YEARS
ACQUISITION IS EFFECTIVE IMMEDIATELY
COMPANY WILL BE PART OF TEQNION NORD
ACQUISITION IS NOT EXPECTED TO HAVE ANY SIGNIFICANT EFFECT ON TEQNION'S 2026 FISCAL YEAR FINANCIALS
Source text: ID:nBQN9m3YWd
Further company coverage: TEQ.ST
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