The total acquisition price for the acquired Detection Technology shares was approx. EUR 95.The acquisition price for shares acquired in Glaston was EUR 0.44 per share, which represents a 10 % premium
on the volume weighted average price for the last 30 days.
Detection Technology is a global provider of X-ray imaging subsystems, components and services for medical, security and industrial applications.
Glaston is an international pioneer in glass processing technology and a leading supplier of lifecycle solutions in glass processing machines. The company provides a wide and advanced range of glass processing heat treatment machines, maintenance and upgrade services, tools and expert services.
Glaston’s net sales was EUR 107 million and comparable operating profit EUR 3 million in 2016. The company has over 400 employees, most of them located in Finland and China. Glaston’s shares are listed on NASDAQ Helsinki Ltd.
“These two companies fit well to Ahlström Capital as the deal broadens our portfolio with two attractive high-tech businesses.
Both companies have strong management and show good development potential with sustainable value creation opportunities”, says Hans Sohlström, President and CEO of Ahlström Capital.“
We believe that the positive development will continue as the company focuses not only on customization and flexible production, but also on cost efficient product design at competitive manufacturing costs. Glaston has a leading technological position and a global sales and service network well in place to benefit from a recovering market. The competitiveness of the company has improved thanks to actions taken by the management during the last years”,