Budelmann consists of a multidisciplinary group of 10 individuals with excellence in electronics, mechanics and software program growth. The corporate is headed by the technical physician and professor Christoph Budelmann and his spouse Jeannine Budelmann, who holds a global training in economics and tradition from universities in Germany, France and China.
In 2022, we full an in depth growth program for our six manufacturing clusters. Thus, this deal is a pure subsequent step; a strategic acquisition to fulfill the rising demand additionally in product growth, says Hanza CEO, Erik Stenfors within the press launch.
The corporate is situated in Münster, near Hanza’s different operations in Germany, and is claimed to enrich the corporate’s present product growth group in Remscheid.
We’re strengthening our varied core competencies whereas providing our prospects a novel manufacturing idea, says CEO Jeannine Budelmann, within the press launch.
The acquisition is nearly debt-free and has an annual turnover of roughly 15 MSEK. The acquisition value for the shares is approx. 8 MSEK, with an additional approx. 2 MSEK within the type of an extra buy value. The acquisition solely has a minor direct impression on HANZA’s revenue assertion and steadiness sheet.
Budelmann will change its title to Hanza Product Growth Companies GmbH.