Cavotec and INET merge strengths in the global airport market through Cavotec’s acquisition of INET Airport Systems
Cavotec is pleased to announce that its Board of Directors has unanimously approved the acquisition of INET, a leader in the engineering and manufacturing of ground support equipment (GSE) based in USA. The acquisition is an asset deal with the consideration including the issue of 7.7 million shares at NZD 3.30 per share and a potential earn-out of maximum USD 4 million upon fulfilment of certain terms and conditions.INET Airport Systems, established in 1967, is headquartered in Fullerton, California and is dedicated to the design, manufacturing, installation and support of stationary and
