NOTE Acquires Property for Continued Expansion in Sweden


Reading time ( words)

NOTE has agreed with the current property owner to acquire the building and surrounding land where NOTE Torsby conducts its business. This is to enable a future expansion of the business to meet an increasing demand. The purchase price amounts to SEK 41.5 million.

NOTE Torsby currently rents the property where the business is conducted. The size of the plant amounts to just over 7,000 square meters and was expanded as late as 2021. NOTE has agreed with the current property owner to acquire the plant. Land of around 54,000 square meters is also included in the acquisition, which enables continued expansion of the business in Torsby. The purchase price amounts to SEK 41.5 million and the payment is made in cash based on NOTE’s strong balance sheet.

“NOTE continues to see an increasing demand from its customers. As late as 2021, the plant in Torsby was expanded by 2,200 square meters, but we already see that the growth forecast that was the basis for that expansion has been exceeded. Through the purchase of the property, we are preparing for further expansion,” says Johannes Lind-Widestam, CEO and President.

The deal is conditional on the city council approving the sale, which is expected to occur in the coming week.

Share




Suggested Items

Intermingling Semiconductor and PCB Machine Capabilities

12/14/2022 | Nolan Johnson, I-Connect007
In the midst of electronica, which included the co-hosted SEMICON show, Nolan Johnson speaks with Koh Young’a Harald Eppinger about the convergence of capabilities in the IC and PCB lines at Koh Young. In addition, Eppinger points out that while there are similarities between the global regions of production, there also are unique requirements.

New Growth Opportunities Worldwide for BTU

10/26/2022 | Nolan Johnson, I-Connect007
It’s not just automotive and medical devices for which capital equipment manufacturers like BTU International are finding a market. It’s also not just domestic. Bob Bouchard says his company has seen an uptick in sales after the pandemic into more “purpose-built” equipment with sophisticated requirements and very tight process control. It’s meant an increase in sales staff as well. It’s encouraging news ahead of BTU International’s exhibit at SMTA International next week.

The CMMC 2.0 Countdown: Will You Be Ready When the Clock Hits Zero?

08/16/2022 | Divyash Patel, MX2 Technology
If you influence IT decisions at your workplace, you need to hear this. If you make the decisions, you need to listen, not just hear: Unless you start acting on CMMC compliance now, you are putting yourself at a disadvantage—one that will take much more time to correct than you might expect. Think of me as a spokesperson for the industry I represent: we are concerned about you. From what I’ve heard and seen over the last few months, too many of you are listening to suppliers, upstream and downstream partners, or other business owners on how seriously to take CMMC. As a result, far too much wishful thinking is guiding decision-making. So, listen to the experts.



Copyright © 2023 I-Connect007 | IPC Publishing Group Inc. All rights reserved.