AQ Group AB acquires Trafotek
AQ Group AB has on April 29, 2019 signed an agreement with Intera Partners Oy to acquire 100% of the shares of LTI Holding Oy with the subsidiary Trafotek Oy (“Trafotek”) in Finland and its subsidiaries Trafotek AS in Estonia, Trafotek Suzhou Co., Ltd. In China and Trafotek Power Eletronicos e Transformadores in Brazil. The purchase price is EUR 28 million on a debt free cash free basis (enterprise value). Closing is expected on June 3, 2019 under the condition that the deal is approved by the Estonian and Finnish Competition Authorities. Trafotek is a leading supplier in design and