Hanza acquires Orbit One, Audiocast with teleconference, 2023

December 1st 2023 11:00 (Europe/Stockholm)

Language:

English

Speaker:

CEO Erik Stenfors, CFO Lars Åkerblom

Sector:

Industrials - Engineering

Listing:

Small Cap

Activity:

Audiocast with teleconference

Webcast:

https://ir.financialhearings.com/press-conference-dec-2023

Teleconference:

Dial-in number to the teleconference will be received by registering on the link below. After the registration you will be provided phone numbers and a conference/user ID to access the conference.
https://conference.financialhearings.com/teleconference/?id=5009911

HANZA AB (publ) has today signed an agreement to acquire all shares in Orbit One AB, a Swedish company that offers contract manufacturing of electronics and electromechanics. Orbit One has annual sales of approximately SEK 1.1 billion with an operating profit (EBITA) of approximately SEK 70 million.

Orbit One operates in two production facilities in Sweden and one in Poland and has a total of approximately 620 employees, of which approximately 65 are engineers. The company has a strong position in the Nordic market for contract manufacturing of electronics and electromechanics with a stable and diversified customer base. The acquisition strengthens HANZA's manufacturing cluster in Sweden and Central Europe, adds capacity and expertise in electronics manufacturing and contributes to increased earnings per share.

Read full pressrealese here.