July 8, 2019 / 12:06 PM / 16 days ago

BRIEF-Beijer Electronics Group Buys Swiss Company Neratec

July 8 (Reuters) - Beijer Electronics Group AB:

* (PUBL) ACQUIRES THE SWISS COMPANY NERATEC

* BEIJER GROUP’S BUSINESS ENTITY WESTERMO HAS TODAY ACQUIRED 100% OF SWISS COMPANY NERATEC SOLUTIONS AG

* NERATEC HAS ABOUT 25 EMPLOYEES AND A SALES OF APPROXIMATELY 6,5 MCHF (62 MSEK) IN 2018 WITH A GOOD PROFITABILITY AND ITS OPERATIONS IS IN BUBIKON IN SWITZERLAND

* PURCHASE PRICE AMOUNTS TO 5 MCHF ON A CASH/DEBT-FREE BASIS AND IS PAID IN CASH

* SMALLER PERFORMANCE-BASED CONSIDERATION WILL BE PAID LATER IF CERTAIN CRITERIA ARE MET

* ACQUISITION WILL HAVE LIMITED IMPACT ON BEIJER GROUP’S EARNINGS IN 2019 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below