Momentum Group has, through its subsidiary Etab, entered into an agreement to acquire 80% of the shares in Logicsystem Pneumatik, a specialist in components and systems for industrial automation.
Logicsystem, which was founded in 1973, operates in pneumatics, screw technology and linear technology. The company is based in Borås, has annual sales of approximately SEK 20 million and has five employees.
The acquisition strengthens Momentum Group’s position in industrial automation, and Logicsystem will become a subsidiary of Etab within the Industry business area.
Completion is expected to take place at the end of November. The acquisition is expected to have a marginally positive effect on earnings per share during the current financial year.
