Brief: Duell Acquires Finnish Powerfactory Nordic Oy AB

Duell Oyj

12/05/2022 08:10

May 12 (Reuters) - Duell Oyj  DUELL.HE :
    * DUELL HAS ACQUIRED FINNISH POWERFACTORY NORDIC OY AB
    * DUELL CORPORATION HAS ACQUIRED ENTIRE SHARE CAPITAL OF
FINNISH
COMPANY POWERFACTORY NORDIC OY AB
    * PURCHASE PRICE OF SHARES IS EUR 9.17 MILLION AND IT WILL
BE
CARRIED OUT AS A CASH TRANSACTION
    * POWERFACTORY WILL CONTINUE TO OPERATE UNDER ITS OWN BRAND
AFTER
DEAL IS CONFIRMED
    * DUELL'S GOAL IS TO LATER INTEGRATE POWERFACTORY INTO DUELL
AND
DUELL BRAND
    * FOR TIME BEING, PASI HUURA, COMPANY'S CEO AND OWNER, WILL
CONTINUE TO BE RESPONSIBLE OF BICYCLE SPARE PARTS SEGMENT

Source text: https://mfn.se/nir/a/duell/duell-has-acquired-finnish-powerfactory-nordic-oy-ab-8ec97000
Further company coverage:  DUELL.HE 

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