Scanfil Sweden Sells Shares in Partnertech Aerodyn

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The Board of Directors of Scanfil Sweden AB (former PartnerTech AB) has decided to sell the entire share capital of its subsidiary PartnerTech Aerodyn AB, located in Karlskoga, Sweden, for a cash selling price of EUR 350,000. The contract of sale was signed today, 19 February 2016. Closing of the transaction is subject to certain usual pre-conditions which are expected to be met during April 2016. The transaction will result in a non-recurring loss of approximately EUR 1.2 million for the Scanfil Group, which has been posted in the result of the Group’s 2015 financial period.

PartnerTech Aerodyn AB manufactures large machined parts for the marine industry and hydroelectric power stations. Turnover of PartnerTech Aerodyn AB in 2015 was about EUR 2.6 million and operating loss about EUR 0.6 million.

About Scanfil

Scanfil is an international contract manufacturer and system supplier for the electronics industry with 40 years of experience in demanding contract manufacturing.

Scanfil provides its customers with an extensive array of services, ranging from product design to product manufacturing, material procurement and logistics solutions. Vertically integrated production and a comprehensive supply chain are the foundation of Scanfil’s competitive advantages: speed, flexibility and reliability.

Typical Scanfil products include mobile and communications network devices, automation system modules, frequency converters, lift control systems, analysers, various slot and vending machines, and devices related to medical technology and meteorology. Scanfil services are used by numerous international automation, energy, IT and health service providers, as well as companies operating in the field of urbanization. Scanfil’s network of factories consists of 16 production units in Europe, Asia and North America. The total number of employees is 3,500.