Global Sourcing Spotlight: How Global Sourcing Drives Innovation
One World, One Industry: IPC APEX EXPO 2025 Marks a Special Anniversary Year
Nolan’s Notes: Your Golden Ticket
Partnertech’s Negotiations to Restructure Operations Closed
January 13, 2016 | Globe NewswireEstimated reading time: 1 minute
Partnertech AB’s Norwegian subsidiary PartnerTech AS announced on 17 November 2015 the intent to reorganize operations of the company. At the same time, the company announced that they will start a communications and negotiations procedure with the representatives of the personnel groups as put forth in Norwegian law. The possibility of closing down the production of the plant was also discussed during the negotiations.
The negotiation process has been closed on 11 January 2016. Based on the final result of the negotiations, PartnerTech AB’s Board of Directors has decided to start closing down production of the plant. The negative impact on earnings resulting from the factory closing is estimated at approximately EUR 5 million – EUR 7.5 million. The respective negative cash impact is estimated at approximately EUR 3 million – EUR 5.5 million. The plan is to conclude most of the actions by 30 June 2016 and an impact on earnings is mainly focused to first quarter of 2016.
The rolling 12 months turnover of PartnerTech AS on 30 September 2015 was about EUR 6.2 million and operating loss about EUR 4.1 million.
About Scanfil Group
Scanfil Group is an international contract manufacturer and systems supplier. Its customers include international operators in the automation, energy, data transmission and health technology sectors, and companies operating in fields related to urbanization, among other industries. Scanfil is listed on the Helsinki Stock Exchange.
In 2015 Scanfil acquired PartnerTech AB, the leading Swedish contract manufacturer. Partnertech’s turnover in 2014 was SEK 2.2 billion. Company has operations in Sweden, Norway, Finland, Poland, the UK, the United States and China.
Share on:
Suggested Items
Eltek Reports Full Year and Q4 2024 Financial Results
03/13/2025 | EltekEltek Ltd., a global manufacturer and supplier of technologically advanced solutions in the field of printed circuit boards (PCBs), today announced its financial results for the full year and fourth quarter ended December 31, 2024.
Apple’s Year-End Production Peak and China’s Subsidy Policies Drive 9.2% QoQ Growth in 4Q24 Smartphone Production
03/11/2025 | TrendForceTrendForce reports that global smartphone production in the last quarter of 2024 reached 334.5 million units, reflecting a 9.2% QoQ increase, driven by Apple’s peak production season and consumer subsidies from local Chinese governments.
IDC Adjusts PC and Tablet Forecasts but Still Expects Commercial Demand to Provide Growth
03/04/2025 | IDCIn the wake of the USA’s tariffs on China as well as a weakening market sentiment, mostly in the consumer space, IDC has reduced its traditional PC forecast in 2025 and beyond. Global PC volume is now expected to reach 273 million in 2025, still growing +3.7% over the prior year though this is a slight reduction from the prior forecast.
HANZA Completes Leden Group Oy Acquisition; Broadens Customer Base and Strengthens Mechanical Expertise
03/03/2025 | HANZAHANZA AB has completed the acquisition of the Finnish billion SEK company Leden Group Oy, a leading player in advanced mechanical manufacturing.
Wistron Announces 2024 Financials and BOD Results
02/27/2025 | WistronWistron Corp. held a Board of Directors meeting and announced its financial results for 2024. The company reported consolidated revenue of NTD 1,049 billion, operating income of NTD 38,980 million, profit before tax (PBT) of NTD 40,057 million, and profit after tax (PAT) of NTD 17,439 million, with earnings per share (EPS) of NTD 6.11.