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Image Systems Nordic AB's Subsidiary Acquires RemaControl A/S


Wednesday, 24 Apr 2013 02:30am EDT 

Image Systems Nordic AB announced that RemaSawco AB, part of the Company, has signed an agreement to acquire all outstanding shares in Norwegian company RemaControl A/S. The acquisition is expected to be accretive to both earnings and cash flow in 2013. Timland will continue to be responsible for operations in Norway and will be included in business area management. The company will be renamed to RemaSawco AS and integrated into the Company‚Äôs business area RemaSawco from May 5, 2013. 

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2.65
-0.25 -8.62%
11:29am EST