Allgon has entered into an agreement to acquire Tele Radio - aims to become a global player in industrial radio remote control
Allgon AB (publ) (”Allgon” or the ”Company”) has today entered into an conditional agreement to acquire all shares in Tele-Radio International Holding AB (“Tele Radio”). Tele Radio is an international player with more than 240 employees and operations in more than 15 countries. Tele Radio develops, manufactures and markets radio remote control products for industrial use. The acquisition will be carried out at a purchase price of SEK 350 million on a debt and cash free basis with a possible additional purchase price of up to a maximum of SEK 50 million. The acquisition agreement is