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Hanza acquires Orbit One, Audiocast with teleconference, 2023
Speakers: CFO Lars Åkerblom, CEO Erik Stenfors
Sector: Industrials - Engineering
Activity: Audiocast with teleconference
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.