24th Aug 2021 18:13
Holders Technology PLC - products for printed circuit boards - UK and German operating subsidiaries to sell certain printed circuit board assets after signing asset purchase agreement with Ventec International Group for about EUR1.9 million in cash.
"The assets which are the subject of the transaction comprise inventory of a range of consumable products, as well as associated machinery used in the fabrication process of these materials which are supplied to the European PCB industry. It is anticipated that associated PCB staff in Germany will also transfer to Ventec on completion of the transaction," company says.
The net book value of the inventory and machinery to be transferred will be about EUR1.2 million.
"The disposal allows the company to focus on the supply of specialist PCB materials, including Isola laminates and flexible laminates, as well as other technically sophisticated products, and for the company to further develop and expand its lighting and control solutions business," company adds.
Current stock price: 68.50 pence
Year-to-date change: up 71%
By Paul McGowan; [email protected]
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