AI assistant
HansaMatrix — M&A Activity 2021
Oct 15, 2021
2239_rns_2021-10-15_2868c98c-cd4e-4f76-afaa-e010b683f709.html
M&A Activity
Open in viewerOpens in your device viewer
HansaMatrix announces the decision to conduct a review of strategic alternatives for further business development
HansaMatrix (“Company”) has decided to conduct a review of strategic alternatives in support of further growth of the business of the Company and to enhance shareholder value. The Company has appointed Superia as financial advisor to assist in the review.
The Company remains confident on the execution of its strategic business plan. At the same time, the review of strategic alternatives may allow the Company to identify an additional strategic direction of the business of the Company that enhances value for the shareholders, and may result in a transaction or a series of transactions, such as sale transaction of the Company to a strategic or financial investor, sale of parts of the Company, reorganisation of entities within the Company’s group, including a spin-off of the Company’s shareholding in Lightspace Technologies.
The Company has not set a timetable for completion of its review of strategic alternatives and there can be no assurances that the process will result in any transaction being announced or completed in the future. The Company does not intend to make any further announcements related to its review unless and until the Company has approved a specific transaction or otherwise determined that further disclosure is appropriate in accordance with applicable law.
Superia is the leading Baltic corporate finance advisory firm (see www.superia.lv).
Investor and media contact:
Māris Macijevskis, CFA
Management Board Member, Finance director
Phone: (+371) 6780 0002
E-mail: [email protected]
http://www.hansamatrix.com
About HansaMatrix
HansaMatrix is a fast-growing, high-technology company operating in the Baltic, Nordic and European markets, developing and industrializing electronic products and systems, providing a full range of manufacturing services in data networking, Internet of Things, industrial systems and other high value-added product business sectors.