VELLINGE, Sweden--(BUSINESS WIRE)--Regulatory News:
PartnerTech (STO:PART) has acquired Aerodyn AB, a company focused on contract manufacturing of heavy components for ship propulsion with propeller systems or water jets.
The company’s estimated yearly turnover is approximately 40 MSEK and it will be consolidated into the operating segment Machining from the second quarter 2012. Aerodyn employs some 20 people and is based in Karlskoga, Sweden.
”The aim of the transaction is to broaden our customer base within Machining as well as develop our offering within the Defense and maritime market area. Aerodyn’s deep expertise in advanced machining of large components is an excellent complement to our existing offer. The acquisition of Aerodyn means that PartnerTech can offer component weights from a few grams to several tonnes manufactured in accordance with high customer requirements in our units in Sweden and Poland ,” says Leif Thorwaldsson, President and CEO of PartnerTech.
PartnerTech
PartnerTech develops and manufactures products under contract for leading companies, primarily in Information Technology, Industry, CleanTech, MedTech and Instrumentation, Defense and Maritime and Point of Sale Applications. With almost 1,300 employees at its plants in Sweden, Norway, Finland, Poland, the UK, the United States and China, PartnerTech reports annual sales of more than SEK 2,3 billion. PartnerTech AB (www.partnertech.com), the parent company, has its head office in Vellinge, Sweden, and is listed on the Nasdaq OMX Stockholm Exchange.
PartnerTech AB, corporate identity number 556251-3308
Box 103, Industrigatan 2, SE-235 22 Vellinge, Sweden
PartnerTech (publ) is required to publicly disclose the information in this press release pursuant to the Swedish Securities Market Act and/or the Swedish Financial Instruments Trading Act. The information was submitted for public disclosure at 1 pm on May 23, 2012.
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