Brief: Volati Acquires JPT-Industria

Volati AB

29/01/2021 13:02

Jan 29 (Reuters) - Volati AB  VOLO.ST :
    * VOLATI CONTINUES GROWTH WITH ACQUISITION OF JPT-INDUSTRIA
    * HAS ACQUIRED ALL SHARES IN JPT-INDUSTRIA OY, A LEADING
SUPPLIER
OF EQUIPMENT TO FINNISH AGRICULTURAL AND FOOD INDUSTRY
    * ACQUISITION IS AN ADD-ON ACQUISITION FOR INDUSTRY BUSINESS
AREA
AND TORNUM BUSINESS UNIT.
    * JPT-INDUSTRIA REPORTED SALES OF EUR 7.5 MILLION DURING
LAST
FINANCIAL YEAR.
    * ACQUISITION EXPANDS TORNUM'S OFFERING WITHIN GRAIN
HANDLING AND
GIVES COMPANY A STRONGER MARKET POSITION IN NORDIC REGION.
    * ACQUISITION IS NOT EXPECTED TO HAVE ANY SIGNIFICANT IMPACT
ON
VOLATI'S EARNINGS FOR 2021.
    * ACQUISITION HAS BEEN FINANCED THROUGH VOLATI'S EXISTING
CREDIT
FACILITIES AND COMPANY WILL BE CONSOLIDATED FROM 1 FEBRUARY
2021.

Source text for Eikon:  ID:nWkr6vPTX4 
Further company coverage:  VOLO.ST 

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