Momentum Group AB (publ) (OM:MMGR B) signed an agreement to acquire 60% stake in Sikama Aktiebolag on March 20, 2024. Sikama will be part of the new Infrastructure business area under the Flow Technology business unit. Sikama has an annual turnover of approximately SEK 55 million and 20 employees.

Closing is expected to take place in April 2024 following approval from the Swedish Inspectorate of Strategic Products. The acquisition is expected to have a marginal positive impact on Momentum Group's earnings per share during the current financial year.