Momentum Group Ab Class BOMXSTO: MMGR_B

Momentum Buys Actuated Solutions Limited, Enters UK Market

· Issued by Momentum Group Ab Class B

Momentum Group AB OMXSTO:MMGR_B:

  • ACQUIRES ACTUATED SOLUTIONS LIMITED – ESTABLISHES POSITION IN THE UK

  • TO BUY 100% OF ACTUATED SOLUTIONS LIMITED

  • ASL HAS ANNUAL TURNOVER OF ABOUT GBP 3.2 MILLION AND 9 EMPLOYEES

  • ACQUISITION EXPECTED TO HAVE MARGINALLY POSITIVE IMPACT ON EPS IN CURRENT FINANCIAL YEAR

  • ACQUISITION MARKS MOMENTUM GROUP'S ENTRY INTO UK MARKET

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