Acquisition of industrial property in Kherling

NOTE is acquiring industrial real estate in Gerlingen.

In the summer of 2022, NOTE acquired its fourth electronics manufacturing plant in Sweden - NOTE Herrljunga. Since then, operations in Herrljunga have been developing very positively, with growth and profit development clearly exceeding initial plans.

The turnover last year was 249 million crowns with an operating margin of over 10%.

NOTE has now acquired a previously leased industrial space of approximately 6,400 square meters, where business operations are ongoing. The deal also includes a land plot of about 25,000 square meters. The property is specialized for electronics manufacturing and offers excellent opportunities for further production expansion. NOTE has acquired all shares in the real estate company.

Based on the property valuation of approximately 24 million crowns (about 3,800 crowns/sq.m), before deducting deferred tax, the purchase price for all shares in the real estate company amounts to 15 million crowns. The payment was made in cash.

“We see great opportunities for expanding production in Sweden. It’s positive that, together with our strong customer base, we can grow the business and meet our manufacturing capacity needs while simultaneously reducing current real estate costs,” says Johannes Lind-Widestam, CEO and President.

For more information, please contact:

• Johannes Lind-Widestam, CEO and President, tel.

About NOTE

NOTE manufactures printed circuit boards, assemblies, and electronic products in enclosures. NOTE is a competitive EMS supplier and a reliable business partner for clients with high standards. NOTE's products are integrated into complex systems for electronic control, monitoring, and security, for example.

The business model of NOTE is based on providing high-quality manufacturing, customized logistics solutions, and consulting to achieve the best possible overall costs through long-term client relationships and partnerships. Its offering to clients covers the entire product lifecycle, from design to after-sales service.

Her client base mainly consists of large corporations operating in the global market and businesses whose primary sales occur in Northern Europe. NOTE is present in Sweden, Finland, the United Kingdom, Estonia, Bulgaria, and China. Over the past 12 months, sales amounted to 4,243 million kronor, and the group employs around 1,500 people. NOTE is listed on the Nasdaq Stockholm stock exchange.

You can find more information on the website www.note-ems.com.