Espoo, Finland, 2013-07-11 15:00 CEST (GLOBE NEWSWIRE) --
Efore Plc Stock exchange release July 11, 2013 at 4 p.m.
Efore has closed today the acquisition of the Italian-based Roal Electronics S.p.A (Roal) according to plan. Efore acquired the entire share capital of Roal.
A real estate option agreement was made after closing. Roal has an option to sell its facility in Italy to certain main subscribing sellers 6-12 months after the closing. In this case the selling price of the facility is EUR 1.5 million and Roal will lease it for 3 years with a rent of EUR 150,000 per year. Executing the option agreement requires approval from Roal banks.
Efore’s previous announcement on the corporate acquisition was given on 10 July, 2013.
EFORE PLC
Board of Directors
For further information please contact Mr. Vesa Vähämöttönen, President and CEO, tel. +358 9 4784 6312
DISTRIBUTION
NASDAQ OMX Helsinki Ltd
Main media
Efore Group
Efore Group is an international company which develops and produces demanding power products. Efore's head office is based in Finland and its production unit is located in China. Efore is present also in Sweden. In the fiscal year ending in October 2012, consolidated net sales totaled EUR 78,1 million and the Group's personnel averaged 888. The company's share is quoted on the Nasdaq OMX Helsinki Ltd.
www.efore.com