# Nordic Group completes $10M acquisition of Eratech

Nordic Group, through its subsidiary Avitools Singapore, has completed the acquisition of all shares in Eratech for $10 million. Eratech provides precision machining and turnkey manufacturing services.

- Type: Acquisition
- Announced: 2022-08-25
- Where: Singapore
- Value: $7.20M (10.0M SGD)
- Status: completed
- Products: precision machining and turnkey manufacturing services
- Sectors: [Industrial Machinery](https://endata.com/sectors/industrial-machinery.md)

## Companies

- [Nordic Group](https://endata.com/companies/41854.md) (acquirer)
- [Avitools Singapore Pte. Ltd](https://endata.com/companies/64922.md) (acquirer)
- [Eratech](https://endata.com/companies/64923.md) (target)

## Sources

- [sg.finance.yahoo.com](https://sg.finance.yahoo.com/news/nordic-group-completes-acquisition-eratech-042511210.html), 2022-08-25: "Nordic Group has entered into a sale and purchase agreement (SPA) to acquire all the shares in Eratech for $10 million on Aug 25."

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