Smart Automation: The Journey of a Component Through an SMT Factory
Powering the Future: Why Thermal Management Defines the Future of Electronics
Standard of Excellence: Engineering Is the New Sales—How Technical Collaboration Wins Business
HANZA Completes the Acquisition of Orbit One
January 8, 2024 | HANZAEstimated reading time: 1 minute
HANZA AB has today, January 4, 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.
Share on:
Testimonial
"Our marketing partnership with I-Connect007 is already delivering. Just a day after our press release went live, we received a direct inquiry about our updated products!"
Rachael Temple - AlltematedSuggested Items
CMMC Compliance and AI Integration with Accurate Circuit Engineering
04/23/2026 | Real Time with... APEX EXPOJames Hofer of Accurate Circuit Engineering (ACE) delves into the challenges and benefits of integrating AI and meeting stringent security requirements. Discover how ACE navigates CMMC, its impact on data management, and the strategic advantages of certification for businesses.
Remtec to Showcase Advanced Ceramic Technologies and Present Thermal Management for High-Power Applications at CMSE 2026
04/23/2026 | RemtecRemtec, a global leader in advanced ceramic substrates and microelectronic assembly solutions, today announced that President and CEO Brian Buyea will lead the company’s participation at Components for Military & Space Electronics Conference & Exhibition (CMSE 2026).
PCB Technologies to Exhibit at PCB East 2026
04/23/2026 | PCB Technologies Ltd.Issey Ende, PCB-Technolgies’ VP of Sales and Marketinghas announced that his company will be exhibiting at this year’s PCB East 2026, the premier East Coast conference and exhibition for the electronics design, fabrication, and assembly industry on Wednesday, April 29, 2026, at the DCU Convention Center in Worcester, Massachusetts.
GreenSource Fabrication to Exhibit at PCB East 2026
04/23/2026 | GreenSource FabricationGreenSource Fabrication, the N. American industry’s most advanced, state-of-the-art printed circuit board manufacturer, today announced that it will be exhibiting at PCB East 2026, on Wednesday April 29,2026 at the DCU Convention Center 50 Foster Street in Worcester, MA.
Fineline Global to Exhibit at PCB East 2026, Showcasing Global PCB Solutions for North American Market
04/23/2026 | Fineline GlobalFineline Global, a leading global provider of advanced printed circuit board (PCB) solutions, today announced that it will be exhibiting at PCB East 2026 on Wednesday, April 29 at the DCU Convention Center in Worcester, Massachusetts.