Momentum Group acquires 70% of ETAB Industriautomation

Momentum Industrial AB, a subsidiary of Momentum Group, signed an agreement to acquire 70% of the shares in ETAB Industriautomation AB, a Swedish industrial automation company. The acquisition is scheduled to close in June 2019.

“The acquisition of ETAB, one of the leading industrial automation companies in Sweden, further strengthens Momentum Industrial's position as the leading supplier of industrial components and related services to Swedish industry.”news.cision.com

• 2 sources
• news.cision.comMomentum Group acquires ETAB Industriautomation AB - Alligo AB (publ)May 3, 2019
• globenewswire.comMomentum Group förvärvar ETAB Industriautomation ABMomentum Group ABMay 3, 2019

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