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Aspocomp Buys PCB Plant -- But Won't Need to Relocate

Published: 29 March 2018
 by Mike Buetow

OULU, FINLAND -- Aspocomp Group has acquired the Oulu facility that it has been leasing for PCB production.

The printed circuit fabricator bought the plant from Technopolis, and ownership and control of the buildings will be transferred from Technopolis to Aspocomp on Apr. 1. As part of the transaction, Aspocomp will gain land lease rights to the plot. The transaction is estimated to have a positive impact on the company's operating result and cash flow starting from the second quarter.

The company's full-year guidance remains unchanged. In 2018, net sales are expected to grow approximately 10%, with improved operating results over 2017. In 2017, net sales amounted to EUR 23 million and the operating result to EUR 800,000.

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