Zutec Acquires 100% of Zutec Australia
Dublin, Ireland, 21 December 2020 –Zutec Holding AB (publ) (“Zutec") today announced that it has reached an agreement to acquire a further 10% stake in Zutec (Australia) Pty Ltd. (“Zutec Australia”) and thereby increases its ownership stake to 100%. Gustave Geisendorf, Zutec’s CEO says “Zutec has a long history of being involved in Australian construction projects by working with a number of Australia’s most prolific construction company. We believe that the Australian market is attractive and the progress being made in Australia for Zutec is encouraging. The digitization trend in