# AQ Group acquires property in Pernik, Bulgaria for new electrical cabinet factory

AQ Group signed an agreement to acquire a 22,000 m² property in Pernik, Bulgaria for €5 million to establish a new factory producing sheet metal housings and integrating large battery systems for grid energy storage. Orders of $12 million are secured for 2023.

- Type: New facility
- Announced: 2022-06-27
- Where: Pernik, Bulgaria, Bulgaria
- Value: $5.25M (5.00M EUR)
- Status: announced
- Products: sheet metal housings, battery systems for energy storage
- Sectors: [Electrical Equipment](https://endata.com/sectors/electrical-equipment.md)

## Companies

- [AQ Group](https://endata.com/companies/31782.md)

## Sources

- [news.cision.com](https://news.cision.com/aq-group/r/aq-establishes-new-factory-for-electrical-cabinets-in-bulgaria,c3592084), 2022-06-27: "AQ Group has signed an agreement to acquire a property of 22,000 m² in Pernik, Bulgaria, for Euro 5 million to continue to grow our electrical cabinet business."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.