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2022-10-31

HANZA AB: HANZA enables expansion by acquiring premises in the Baltics

HANZA AB (publ) has purchased a property in Tartu, Estonia, which currently comprises the cluster's sheet metal mechanics operations. The property is located directly adjacent to HANZA's brand-new assembly plant, which opened in March 2022. Owning the sheet metal plant, as well as associated land enables future expansion of the properties.

- The reason for this important strategic purchase is to meet a long-term high demand for our offering, says Erik Stenfors, CEO of HANZA.

HANZA is currently leasing the sheet metal plant, which covers more than 6,300 sqm. The 11,000 sqm site included in the acquisition is adjacent to the land HANZA already owns, enabling further expansion by both extending and building new factories on the site.

The purchase price for the property amounts to EUR 3.8 million and is financed through bank loans and own funds. Owning the property rather than renting also results in a lower cost.

- The acquisition is in line with our expansion strategy for the future. By strengthening our manufacturing clusters, we increase both capacity and customer value. For example, the proximity between sheet metal mechanics and assembly is an important value creator for our customers.

For further information please contact:

Erik Stenfors, CEO, Tel: +46-709 50 80 70, e-mail: erik.stenfors@hanza.com
Lars Åkerblom, CFO, Tel: +46-707 94 98 78, e-mail: lars.akerblom@hanza.com

 

 

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