Knocking Down the Bone Pile: Gold Mitigation for Class 2 Electronics
Punching Out: Your Financial Preparation for a Sale
Nolan's Notes: The Next Killer App in Component Manufacturing
Scanfil Sweden Sells Shares in Partnertech Karlskoga
May 10, 2016 | ScanfilEstimated reading time: 1 minute
The Board of Directors of Scanfil Sweden AB has decided to sell the entire share capital of its subsidiary PartnerTech Karlskoga AB, located in Karlskoga, Sweden, for a nominal selling price. According to the agreement signed by the parties, closing of the transaction is subject to certain usual pre-conditions which are expected to be met during the next few weeks. The transaction will result in a non-recurring loss of approximately EUR 5 million for the Scanfil Group and reduce group net debt by approximately EUR 2 million, which will be posted in the second quarter of 2016.
PartnerTech Karlskoga AB manufactures machined products for the defense, maritime and offshore sectors. Turnover of PartnerTech Karlskoga AB in 2015 was EUR 15.4 million and operating loss EUR 1.3 million.
PartnerTech AB Kalskoga, PartnerTech Aerodyn AB (Karlskoga, Sweden) and PartnerTech AS (Moss, Norway) formed the PartnerTech Metal Precision business segment. Scanfil announced in January 2016 to discontinue Partner Tech AS's activities. The operations of the plant will be closed down in May 2016. Aerodyn AB was sold in April 2016. After the sale of PartnerTech Karlskoga AB the restructuring of entire Metal Precision business has been completed. The turnover of Metal Precision business in 2015 totaled EUR 25.0 million and operating loss EUR 6.1 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.
Share on:
Suggested Items
Keytronic Announces Results for Q3 of Fiscal Year 2025
05/12/2025 | KeytronicKey Tronic Corporation, a provider of electronic manufacturing services (EMS), announced its results for the quarter ended March 29, 2025.
GPV Posts Balanced Q1 2025; Continued Focus on Adapting to New Market Conditions
05/12/2025 | GPVDanish-based GPV, the second-largest European-headquartered EMS company, has had a satisfactory and balanced start to 2025. In the first quarter, the Group reported sales of DKK 2.2 billion and earnings (EBITDA) of DKK 143 million.
Fabrinet Announces Q3 Fiscal Year 2025 Financial Results
05/12/2025 | FabrinetFabrinet, a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, announced its financial results for its third fiscal quarter ended March 28, 2025.
Wistron Announces Q1 Financial Results
05/08/2025 | WistronWistron Corporation held a Board of Directors meeting today. Following the meeting, the Company announced its financial results for the first quarter ended March 31, 2025. Consolidated revenue reached NTD346 billion, operating income was NTD15.15 billion, profit before tax (PBT) was NTD14.81 billion, and profit after tax (PAT) was NTD5,331million, with earnings per share (EPS) of NTD1.85.
Zhen Ding Releases April 2025 Monthly Revenue Report
05/07/2025 | Zhen Ding TechnologyZhen Ding Technology Holding Limited, a global leading PCB manufacturer, reported April 2025 revenue of NT$13,589 million, up 22.90% YoY, marking a record high for the same period in the company’s history.