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Tamtron Group Plc ("Tamtron" or the "Company") announced on 2 February 2023 that it had agreed to acquire the entire share capital of HPP Bulk Technologies Ltd., the parent company of Tamtron's Finnish competitor, weighing technology company Lahti Precision Ltd. (the "Acquisition") and that it will launch a directed issue of up to 845,864 new shares in Tamtron in order to finance the Acquisition (the "Share Issue").
On 27 February 2023, Tamtron announced the final results of the Share Issue and that it will issue a total of 845,864 new shares (the "New Shares"). The New Shares were registered with the Trade Register on 28 February 2023 and the New Shares have as of today been admitted to trading on the First North Growth Market Finland operated by Nasdaq Helsinki Ltd. The ISIN code of the shares is FI4000541313 and the trading code is TAMTRON.
Translink Corporate Finance Ltd. acts as financial advisor and certified advisor of Tamtron. Dittmar & Indrenius Attorneys Ltd. acts as legal advisor to Tamtron in relation to the Share Issue.
Tamtron is an international weighing technology company and data management systems provider. Tamtron supplies solutions to over 60 countries, to all major industries, including civil engineering, mining, forestry, waste management and recycling, ports, transport and logistics, process and manufacturing. In addition to weighing equipment, Tamtron also provides its customers with comprehensive life cycle services, including verification, maintenance and spare parts services.
The weighing data software developed by Tamtron helps customers to automatically and effortlessly integrate all data into a single system utilising the latest technology and cloud services.
The Company's head office is in Tampere, as well as product assembly and testing. In addition, Tamtron has subsidiaries in eight different European countries.
Tamtron's turnover was EUR 29.4 million and EBIT was EUR 1.2 million in the financial period ending on 31 December 2021. At the end of June 2022, Tamtron employed 176 people.
Read more: www.tamtron.fi
Mikko Keskinen, CEO, Tamtron
Certified advisor, Translink Corporate Finance Oy
Tel. +358 40 091 8855