HANZA completes the acquisition of Orbit One

HANZA AB has completed the acquisition of Orbit One AB, one of the Nordic region’s leading contract manufacturers of electronics and electromechanics with factories in Sweden and Poland.

On December 1, 2023, HANZA signed an agreement to acquire all shares in Orbit One AB. The access was conditional on regulatory approvals, which have now been obtained, which is why the deal has been completed and HANZA has taken possession of the company.

Orbit One has an annual turnover of approximately SEK 1.1 billion with an operating profit (EBITA) of approximately SEK 70 million. The HANZA group thus achieves pro forma annual sales of approximately 5.2 billion SEK with an operating margin of approximately 7.7 percent.

The purchase price for 100 percent of the shares in Orbit One amounts preliminarily to SEK 367 million, which has been paid today. However, the purchase price is dependent on the financial statements for November 2023 and a possible adjustment of the amount will be made when the financial statements are adopted. In addition, there is an additional purchase price that begins to be paid only in the event of an improvement in earnings in 2024 compared to 2023. The acquisition has been financed with bank credits.

For more information about the acquisition, see HANZA’s press release on December 1, 2023.

Important information This press release may contain certain forward-looking statements that reflect HANZA’s current views of future events and financial and operational performance. Words such as “intends”, “anticipates”, “expects”, “may”, “plan “, “anticipate” or similar expressions regarding indications or predictions of future developments or trends, and are not based on historical facts, constitute forward-looking information. Forward-looking information is inherently associated with both known and unknown risks and uncertainties because it is dependent on future events and circumstances. Forward-looking statements are not guarantees regarding future results or developments and actual results may differ materially from those set forth in forward-looking information.

About HANZA
HANZA is a global knowledge-based manufacturing company that modernizes and streamlines the manufacturing industry. Through supply-chain advisory services and with production facilities grouped into regional manufacturing clusters, we create stable deliveries, increased profitability and an environmentally friendly manufacturing process for our customers. The company was founded in 2008 and in 2022 had sales exceeding SEK 3.5 billion. The company has six manufacturing clusters: Sweden, Finland, Germany, Baltics, Central Europe and China. Among HANZA’s clients are leading companies such as 3M, ABB, Epiroc, GE, Getinge, John Deere, Mitsubishi Logisnext, Oerlikon, Perkin Elmer, SAAB, Sandvik, Siemens and Tomra. HANZA is listed on Nasdaq Stockholm’s main list.

For more information please visit: www.hanza.com