Inission AB (“Inission”), through its wholly owned subsidiary Inission Lohja Oy, have as previously communicated on 21 January 2022 entered into an agreement to acquire 100% ownership of MLB Electronics Oy (“MLB”). Inission has today completed the acquisition of 100% of the shares.
The acquisition took place in accordance with the transaction agreement. MLB will be consolidated into Inission’s financial reporting as of February 2022.
Fredrik Berghel, CEO Inission:
– MLB and Inission Lohja is a perfect fit. We are looking forward to the synergies these two organizations will bring each other by increased capacity, competence, resources, and wider offer. Together will these companies form a solid foundation for our growth within the EMS market in Finland.
About MLB
Founded in 1977, MLB is an EMS (Electronics Manufacturing Services) company based in Lohja, Finland with 45 employees. In year 2021 MLB had a revenue of EUR 6.9 million with EBITDA of EUR 0,6 million. The customer portfolio is well distributed and includes customers within industry, MedTech and instruments.
Related: Inission grows in Finland through the acquisition of MLB Electronics Oy – Inission
For further information please contact
Fredrik Berghel, CEO Inission
+46 732 02 22 10
fredrik.berghel@inission.com
About Inission
Inission is a profitable total supplier that offers demanding industrial customers in the Nordic region manufacturing and logistics services for complete electronic products. We develop, design, test and industrialize customers’ products. We stock, repair and upgrade them throughout their lifetime. By combining this with a production based on high flexibility, customization and short lead times, our offer becomes very competitive. Inission has production units in Stockholm, Västerås, Borås, Munkfors, Malmö, Løkken Verk (Norway), Lohja (Finland), Lagadi and Tallinn (Estonia). Inission is listed on Nasdaq First North with Nordic Certified Adviser AB (info@certifiedadviser.se, +46 707 94 90 73) as a certified adviser. The company’s reports are filed under:
www.inission.com/investor-relations
Inission AB: org.nr 556747-1890
Lantvärnsgatan 4,
652 21 Karlstad