Scandinavian Astor Group expands to Finland as subsidiary Mikroponent acquires Welas Oy Ltd
Scandinavian Astor Group AB (publ) (‘Astor Group’ or the ‘Company’) announces today, 12 December 2024, that its subsidiary Mikroponent AB (‘Mikroponent’) expands its production capacity in the Nordic region through the acquisition of the Finnish company Welas Oy Ltd (‘Welas’). The acquisition strengthens Mikroponent's production capacity and opens the door to new markets in the Nordic region and Europe. The initial purchase price amounts to approximately SEK 15.5 million, of which approximately SEK 12 million will be paid in cash and financed by Mikroponent's own cash and cash equivalents,