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Asetek A/S
Related Party Transaction • Jan 12, 2024
6301_ffr_2024-01-12_78fb7316-843b-49ca-ab14-27580dd10f10.htm
Related Party Transaction
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Asetek – Lease contract signed for parts of new HQ and development center
Aalborg, January 12, 2024. Asetek A/S has entered into a lease contract for a section covering approximately 20% of the space of the Company’s new development center and HQ
The contract is for a fixed three-year period with a call option for two additional years.
With Asetek’s business focus changed away from Data Center, the Company can proceed with the execution of its growth strategy through the coming five years in a more optimal office space.
The tenant is an Aalborg-based technology company not affiliated with Asetek. The lease period starts on October 1, 2024, with an annual rent of approximately $425k, supporting the expected valuation level of the completed building and the location.
The new HQ and development center is under construction and set for completion in mid-2024.
For further information, please contact:
CFO, Peter Dam Madsen, +45 2080 7200, email: [email protected]
Head of Investor Relations, Per Anders Nyman, +45 2566 6869, email: [email protected]
About Asetek
Asetek (ASTK), a global leader in mechatronic innovation, is a Danish garage-to-stock-exchange success story. Founded in 2000, Asetek established its innovative position as the leading OEM developer and producer of the all-in-one liquid cooler for all major PC & Enthusiast gaming brands. In 2021, Asetek introduced its line of products for next level immersive SimSports gaming experiences. Asetek is headquartered in Denmark and has operations in China, Taiwan and the United States.
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