{"id":16155,"date":"2025-09-30T19:30:00","date_gmt":"2025-09-30T17:30:00","guid":{"rendered":"https:\/\/www.note-ems.com\/mfn_news\/note-starker-sin-narvaro-i-storbritannien-genom-forvarv-av-kasdon-group-med-stark-position-inom-forsvarsindustrin\/"},"modified":"2025-12-02T08:28:01","modified_gmt":"2025-12-02T07:28:01","slug":"note-strengthens-its-presence-in-the-uk-through-acquisition-of-kasdon-group-with-strong-position-in-defence-industry","status":"publish","type":"mfn_news","link":"https:\/\/www.note-ems.com\/en\/pressmeddelande\/note-starker-sin-narvaro-i-storbritannien-genom-forvarv-av-kasdon-group-med-stark-position-inom-forsvarsindustrin\/","title":{"rendered":"NOTE strengthens its presence in the UK through the acquisition of Kasdon Group - with a strong position in the defence industry"},"content":{"rendered":"
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NOTE has signed an agreement to acquire 100% of the shares in Kasdon Group, a UK electronics contract manufacturer with a strong position in the defence sector, representing some 50 % of the company's sales. This acquisition strengthens NOTE's position on the UK EMS market and adds strategic breadth in a segment with high demand. Kasdon complements NOTE's ...<\/strong><\/p>\n<\/div>\n

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Kasdon complements NOTE's existing presence and customer base, and fits well with the company's focus on quality, technical expertise and long-term customer relationships. The company offers end-to-end solutions and operates from a modern facility in Willenhall, near Birmingham, with advanced equipment and ongoing expansion.<\/p>\n

Kasdon reported revenues of just over GBP 12 million in 2024\/2025 and has ambitious growth plans. The company employs around 50 people and is led by Steven Stockley and his son Ryan, who will stay on after the acquisition.<\/p>\n

The initial purchase price is GBP 28.2 million on a cash\/debt free basis, with a possible earn-out of up to GBP 5.9 million, giving a total purchase price of GBP 34.1 million, corresponding to an adjusted EV\/EBITDA multiple of approximately 6. The acquisition is financed through NOTE's existing cash and credit facilities, with a small portion potentially payable in NOTE shares.<\/p>\n

The transaction is subject to approval under the UK National Security and Investment Act and is expected to close by mid-October 2025.<\/p>\n

Johannes Lind-Widestam, President and CEO of NOTE, commented: \u201dKasdon is a strategic acquisition that strengthens our presence in the UK and gives us access to the defence sector - an area where we see long-term growth. Kasdon has a strong technology platform, a well-developed business model and a quality culture that aligns well with our own. We see great opportunities for synergies and continued profitable expansion.\u201d<\/p>\n

Steven Stockley, CEO of Kasdon Group, adds: \u201dOver many years, we have built a business that combines technical expertise with strong customer relationships and high quality in every delivery. Becoming part of NOTE gives us access to new resources, wider markets and a network to support our continued growth journey.\u201d<\/p>\n<\/div>\n

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For further information, please contact:<\/strong>
Johannes Lind-Widestam, President and CEO, tel. 070-541 72 22
<\/strong>Frida Frykstrand, Finance Director, tel. 070-462 09 39<\/p>\n<\/div>\n

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About NOTE<\/strong>
NOTE manufactures printed circuit boards (PCBA), sub-assemblies and complete products (box build). NOTE is a competitive electronics manufacturer and a stable business partner to customers with high standards. Its products are found in complex systems for electronic control, monitoring and security, for example.<\/em>
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The business model is based on offering advanced manufacturing, customised logistics solutions and advice at the best possible total cost through long-term customer relationships and partnerships. The customer offering covers the entire product life cycle, from design to aftermarket. Customers are primarily large companies operating on the global market, but also companies with their primary sales in northern Europe.<\/em>
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NOTE is established in Sweden, Finland, the UK, Estonia, Bulgaria and China. Sales in the last 12 months totalled SEK 3,849 million and the group has some 1,450 employees. NOTE is listed on Nasdaq Stockholm. For more information, please visit <\/em>www.note-ems.com<\/a><\/em>.<\/em><\/p>\n<\/div>\n

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This information is information that NOTE AB (publ) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 2025-04-24 08:00 CEST.<\/em><\/p>\n<\/div>\n

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Attached files<\/strong>
NOTE strengthens its presence in the UK through the acquisition of Kasdon Group - with a strong position in the defence industry<\/a><\/p>\n<\/div>\n