A major acquisition was announced on November 17th, when Fiskars, a Finnish industrial firm, sold its UPS unit to the American firm Exide Electronics Group.
UPS stands for Uninterrupted Power Supply, which the UPS equipment guarantees. Connected with this Fiskars will buy 16 per cent of Exide Electronics Group through a directed share issue. Fiskars' sales profit from the UPS transaction is approximately 140 million U.S. dollars, of which roughly 37 million is paid as the re-investment in Exide.
The deal distinguishes Fiskars as a manufacturer of high quality axes, scissors, garden utensils and other similar consumer goods, and leaves Fiskar with a potential to enlarge in the future.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
UPS stands for Uninterrupted Power Supply, which the UPS equipment guarantees. Connected with this Fiskars will buy 16 per cent of Exide Electronics Group through a directed share issue. Fiskars' sales profit from the UPS transaction is approximately 140 million U.S. dollars, of which roughly 37 million is paid as the re-investment in Exide.
The deal distinguishes Fiskars as a manufacturer of high quality axes, scissors, garden utensils and other similar consumer goods, and leaves Fiskar with a potential to enlarge in the future.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
