GEVORKYAN, a.s. declares the a success final touch of ABB, by which it got capital for the additional construction of its manufacturing capacities, technological innovation, and strengthening of its place in world markets, together with investments in robotisation and automation. In step with those goals, the budget raised shall be used, amongst different issues, to hide the not too long ago finished acquisition in Italy. On the identical time, because of ABB, the corporate greater its loose go with the flow at the Prague Inventory Alternate, which were again and again beneficial via mavens as a important situation for expanding liquidity.
“We consider ABB to be a logical step for a company that is already listed on the stock exchange, with the aim of supporting business development and thereby increasing value for investors. Once a company decides to enter the stock market through an IPO, it is logical that over time it will also carry out a secondary offering. In our case, we did not want to take such a significant step before an opportunity for a strategic acquisition arose. We had already announced the acquisition of a factory in Bologna, with the key difference compared to previous acquisitions in Sweden and Poland being the preservation of production and the expansion of business in Italy, including projects for the local defence industry. Work on this acquisition lasted almost two years, until an agreement was reached among all parties involved in the process,” says Dipl.-Ing. Artur Gevorkyan, Chairman of the Board of Administrators of the corporate.
Details about the growth of operations at the Italian marketplace has now helped in successful new tasks, inside of which multinational firms are localising their provider networks and shifting tasks for his or her Italian factories to GEVORKYAN, a.s. The whole growth of GEVORKYAN throughout Europe in these days’s turbulent duration is in step with the corporate’s long-term process of bringing walk in the park to shoppers via strengthening its place as an area provider with a robust construction base.
GEVORKYAN, a.s. want to specific its gratitude to HAVEL & PARTNERS s.r.o., WOOD & Corporate and Allen Overy Shearman Sterling (Czech Republic) LLP for his or her professional recommendation, skilled manner and cooperation throughout the conclusion of ABB.
About GEVORKYAN
GEVORKYAN, a.s. is a number one Ecu corporate in powder metallurgy, a world provider to main multinational companies and probably the most leading edge firms within the sector international. Additional information is to be had at https://gevorkyan.european/en/.
Disclaimer:The stocks of GEVORKYAN, a.s. have now not been registered beneath the U.S. Securities Act of 1933, as amended (the “Securities Act”), and will not be presented or offered in america absent registration beneath the Securities Act or an acceptable exemption from such registration necessities.
