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Aspocomp Reacquires Cibo-Print

Published: 04 January 2012
 by Staff

ESPOO, FINLAND -- An Aspocomp Group subsidiary has purchased the Teuva, Finland, business operations of PCB fabricator Cibo-Print Oy in exchange for stock and cash considerations. It marks the second time Aspocomp has owned the printed circuit board fabrication company.

Aspocomp Oulu Oy paid 144,000 shares in Aspocomp Group and a cash consideration of approximately 207,000 euros ($268,100).

The deal covers the business operations of Cibo-Print Oy’s factory in Teuva. Cibo-Print was owned by Wedeco Oy, a capital investment group. It was founded in 1974 and acquired by Aspocomp in 1993. Aspocomp sold the plant in 2003.

Ed.: 1 EUR = 1.29543 USD

 

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