Motala Hissar is a well-established and leading manufacturer of platform lifts. The company is based in Motala with in-house development and production, and it sells through distributors across large parts of
"We have had Motala Hissar on the radar for several years. The company's product portfolio complements Aritco's offer, is technologically sophisticated, delivers very clear customer values and has a clear differentiation from other players in the market. We also see great development opportunities for the company, by investing further in product development, sales and marketing activities and production, we are convinced that Motala Hissar can reach its full potential. I look forward to a good collaboration with all employees to grow and develop the company further", says Martin Idbrant, CEO of Aritco.
"Together with Aritco, we will be able to strengthen our offering, further expand internationally and develop our business here in Motala. We look forward with great confidence to an exciting new phase in the company's history. Latour and Aritco offer a long-term stable and responsible environment for Motala Hissar to develop within", says
As an effect of the acquisition the net debt (excl. IFRS 16) of the
The acquisition is expected to be completed in August, 2021.
Göteborg,
Johan Hjertonsson, CEO
For further information, please contact:
Martin Idbrant, CEO
https://news.cision.com/investment-ab-latour/r/latour-acquires-motala-hissar-ab,c3382858
https://mb.cision.com/Main/487/3382858/1443319.pdf
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