Brief: Teqnion Acquires Stanwell Group

Teqnion AB

01/06/2023 10:13

June 1 (Reuters) - Teqnion AB  TEQ.ST :
    * TEQNION ACQUIRES STANWELL GROUP LIMITED
    * SIGNED AN AGREEMENT TO ACQUIRE ALL OUTSTANDING SHARES IN
STANWELL GROUP LIMITED
    * STANWELL IS A UK BASED LEADING SUPPLIER OF BEVERAGE AND
FLUID
DISPENSE SYSTEMS
    * ACQUISITION IS EFFECTIVE IMMEDIATELY AND IS NOT EXPECTED
TO HAVE
ANY SIGNIFICANT EFFECT ON TEQNION'S 2023 FISCAL YEAR FINANCIALS.
    * ACQUISITION OF STANWELL IS TEQNION'S THIRD ACQUISITION
OUTSIDE
OF SWEDEN
    * WE BELIEVE THAT MAJORITY OF ACQUISITIONS FOR UPCOMING
YEARS WILL
BE FROM SWEDEN.

Source text for Eikon:  ID:nBQN8f3V1R 
Further company coverage:  TEQ.ST 

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