Midway

HAKI Safety has finalised the divestment of FAS Converting Machinery.

The operation is part of the Industrial Services business area and is deconsolidated in January 2024. It had annual sales of approximately SEK 86 M in 2022. The purchase price amounts to USD 3.7 M on a debt-free basis, subject to working capital adjustments. The transaction will not have any significant impact on the group's profit after tax. The group's cash flow and net debt will be affected positively with an amount corresponding to the purchase price. The buyer is the American company CMD Corporation.

The press release on the agreement on the divestment was published on December 29, 2023.