HANZA acquires the German RITTER Group for EUR 12 million
The manufacturing strategist HANZA Holding AB (publ), listed on Nasdaq Stockholm, has today acquired and joined the German manufacturing group RITTER Elektronik GmbH, with production facilities in Germany and the Czech Republic. The purchase price is a total of EUR 12 million and consists of a cash portion and a share portion.
The acquisition strengthens HANZA’s offer, opens up Germany as a new customer market, and contributes to increased earnings per share. For the previous year (2018), total sales for HANZA and RITTER amounted to SEK 2.26 billion with a total EBITDA result of SEK 164 million.