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Aspocomp Acquires Technopolis Facility in Finland
March 29, 2018 | AspocompEstimated reading time: 1 minute
Aspocomp Group Plc has acquired from Technopolis Plc the production facility, located in the Linnanmaa district, at Tutkijantie 11-13 in Oulu, Finland. Ownership and control of the buildings will be transferred from Technopolis to Aspocomp on April 1, 2018. As part of the transaction, Aspocomp will gain land lease rights to the plot. The transaction is estimated to have a positive impact on the company's operating result and cash flow starting from the second quarter.
The company's full-year guidance remains unchanged. In 2018, net sales are expected to grow approximately 10 percent and the operating result to be better than in 2017. In 2017, net sales amounted to EUR 23.0 million and the operating result to EUR 0.8 million.
About Aspocomp
A printed circuit board (PCB) is used for electrical interconnection and as a component assembly platform in electronic devices. Aspocomp provides PCB technology design, testing and logistics services over the entire lifecycle of a product. The company’s own production and extensive international partner network guarantee cost-effectiveness and reliable deliveries.
Aspocomp’s customers are companies that design and manufacture telecommunication systems and equipment, automotive and industrial electronics, and systems for testing semiconductor components for security technology. The company has customers around the world and most of its net sales are generated by exports.
Aspocomp is headquartered in Espoo and its plant is in Oulu, one of Finland’s major technology hubs.
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