TRANÅS, Sweden--(BUSINESS WIRE)--Regulatory News:
OEM International (STO:OEMB) has today signed an agreement to acquire all shares in RF Partner AB with subsidiary Ranatec Instrument AB. The companies, with head office in Swedish Mölndal, develop and market components for radio applications, systems for radar surveillance and test systems for antennas. The companies have a yearly turnover of approximately 18 MSEK.
- RF Partner AB with subsidiary Ranatec Instrument AB are well-managed companies with products and solutions that is a supplement to the product portfolio within the current OEM subsidiary Flexitron AB. RF Partner AB will gradually deepen cooperation with Flexitron AB to use synergies and develop the customer offer, says Jörgen Zahlin, Managing Director and CEO for OEM International.
The acquisition is expected to have a marginal impact on OEM’s profit for the current year.
This information is of the type that the company is obliged to publish in accordance with the Swedish Securities Market Act. The information was made public on 7th November 2016 at 15.30 CET.
Tranås, 7th November 2016
OEM International AB (publ)
OEM International, with its head office in Tranås, Sweden, comprises 34 operational units in 14 countries. The group trades in industrial components and systems for industrial automation. In simple terms, OEM acts as an alternative for manufacturers to selling through their own companies. Visit our website – www.oem.se
This information was brought to you by Cision http://news.cision.com