HANZA acquires Arvika Industrikablage and Davab - strengthens the company's position in the electronics and cables area

HANZA AB - Scandinavia's fastest growing provider of complete manufacturing services in mechanics, electronics, cables and boxbuild - has acquired Arvika Industrikablage and Davab.

”HANZA has since the start in 2008 grown into a manufacturer with a broad geographical presence through offices in the Nordic countries, Central Europe and China. We will continue to expand and the acquisitions of Arvika Industrikablage and Davab is another step in the right direction", commented Erik Stenfors, CEO, HANZA AB.

HANZAs goal is to consolidate Nordic contract manufacturers and further strengthen its position as a competitive quality provider of complete manufacturing services.

"One of our key success factors is that we succeed in creating profitable activities in rural areas in Sweden", says Gerd Levin-Nygren, manager of HANZAs electronics division. "Arvika Industrikablage and Davab are two well-respected regional companies whose business will now be moved to our factory in Värmland and which will be further developed in HANZA Group".

For more information, please contact:

Erik Stenfors, CEO, HANZA AB

Phone: 070-950 80 70, e-mail: erik.stenfors@hanza.com

Gerd Levin-Nygren, Division Manager Electronics
Phone: 0708-11 68 48, e-mail: gerd.levin@hanza.com

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HANZA is one of the leading providers of complete manufacturing services in Nordic within electronics, mechanics and cables. The group has 1100 employees in Sweden, Finland, Estonia, Poland, Sweden, Slovakia and China and turnover exceeds 130 MEUR.www.hanza.com

About Us

HANZA is a knowledge-based global manufacturer that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and our own factories grouped into regional manufacturing clusters, we offer secure deliveries, increased profitability and sustainable manufacturing solutions for our customers.HANZA was founded in 2008 and in 2019 had sales exceeding SEK 2 billion. The company has production units in seven countries; Sweden, Finland, Germany, Estonia, Poland, the Czech Republic and China. Among our clients are leading product companies such as ABB, Epiroc, GE, Getinge, Oerlikon, Saab and Siemens.HANZA is listed on Nasdaq Stockholm's main list (ticker: HANZA).For more information please go to: www.hanza.com

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One of our key success factors is that we succeed in creating profitable activities in rural areas in Sweden
Gerd Levin-Nygren, manager of HANZAs electronics division