Through XSiCute,
- XSiCute has 7 employees with a turnover for the financial year
1 April 2023 -31 March 2024 of approximately £300k and an operating loss of approximately £80k. - The purchase of the company amounts to
GBP 1 for the shares and repayment of shareholder loans in xSicute ofGBP 189 thousand .
The acquisition has no material impact on
"The acquisition of xSiCute strengthens the Group's ability to deliver customer-specific solutions in network infrastructure and complements the Group's offering in a good way. Access to our own niche production complements the distribution business and is fully in line with our strategy. The business is also scalable and can be utilized in several geographical markets. With the acquisition, theAlcadon Group now offers customized production inDenmark and theUK combined with outsourced production with partners for longer series."
Sonny Mirborn,
Group CEO,Alcadon Group AB
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