Sdiptech acquires majority ownership of Certus Automation.
NORDIC BUSINESS REPORT-October 13, 2021-Sdiptech acquires majority ownership of Certus Automation
(C)2021 M2 COMMUNICATIONS http://www.m2.com
Swedish technology group Sdiptech AB (STO:SDIP-B) said on Wednesday that it has acquired 85% of the shares in Certus Technologies Holding B.V. and associated group companies.
Based in the Netherlands, Certus is a global provider of solutions for automation in ports, terminals and logistics distribution centres. It has an annual turnover of EUR19m and a pre-tax operating income of EUR5m.
Certus will be included in Sdiptech's Special Infrastructure Solutions business area from October 2021.
The transaction values the business at EUR45m on a cash and debt free basis, of which EUR34.75m is...
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