NOTE divests mechanical unit in Järfälla

NOTE has sold its mechanical business in Järfälla, Sweden. Buyer is Stockholm
based Larsson Finmekaniska AB, already a cooperation partner to NOTE. NOTE
Järfälla AB’s sales in 2014 amounted to approximately SEK 13 m and the number of
employees is 18.
”The sales of our mechanical production unit in Järfälla strengthens our focus
in Sweden towards electronics manufacturing, logistics and final assembly of
complete products (box build). Over the years, NOTE Järfälla has transferred
mechanical know-how to other NOTE units, primarily to NOTE’s sourcing functions.
This has enabled us to establish a strong partner model with carefully selected
suppliers within the mechanical area, which has contributed to deepen our
customer assignments within final assembly of complete products–a service
currently provided from all NOTE units.
During the last years, we have experienced an unsatisfied profitability within
our mechanical unit. Short term, the divestment includes restructuring costs,
but the transaction is expected to contribute positively to NOTE’s operating
profit already in 2015”, says Peter Laveson, CEO and President of NOTE.
For more information, please contact:
Peter Laveson, CEO and President, tel. +46 (0)8 568 99006, +46 (0)70 433 9999
Henrik Nygren, CFO, tel. +46 (0)8 568 99003, +46 (0)70 977 0686
About NOTE
NOTE is one of the leading Northern European manufacturing and logistics
partners for electronics production. NOTE produces PCBAs, sub-assemblies and box
build products. NOTE's offering covers the whole product lifecycle, from design
to after-sales. NOTE has a presence in Sweden, Norway, Finland, the UK, Estonia
and China. In 2013, net sales were SEK 907 million; the group has approximately
850 employees. NOTE is listed on the Nasdaq Stockholm Exchange. For more
information, please go to www.note.eu.
NOTE AB (publ) discloses the information provided herein pursuant to the
Securities Markets Act. The information was submitted for publication on 2
February 2014 at 3:15 p.m.