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Provider: Reuters Investment Profile

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Scanfil makes EUR 6.6 mln Schaltex Systems acquisition; raises FY 2014 outlook

Tuesday, 1 Apr 2014 01:45am EDT 

Scanfil Oyj:Acquires through Scanfil EMS Oy the entire shareholding of German contract manufacturer Schaltex Systems GmbH.Purchase price about 6.6 million euros.Will finance the acquisition using liquid assets.Believes the acquisition will strengthen the company's position in the German market and widen its customer base.Expects the transaction to positively impact the company's sales and operating profit.Says now estimates FY 2014 turnover to increase by 11-18 percent and operating profit to reach 11.0-15.0 million euros.Earlier expected FY 2014 turnover growth of 4-10 percent and operating profit of 10.0-14.0 million euros. 

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0.08 +4.21%
4:58am EDT