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Bulten Agrees Sale of European Automotive Manufacturing Operations

MT Newswires·07/10/2026 00:56:19
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12:56 AM EDT, 07/10/2026 (MT Newswires) -- Bulten (BULTEN.ST) agreed to sell its European automotive contract manufacturing operations to Swedish investor Maelir, according to a Thursday release. The deal values the business at an enterprise value of 44.5 million euros, excluding leasing debt, and includes two Swedish and Romanian sales and service companies and four legal entities in Sweden, Germany, and Poland. The companies also plan to enter a 12-month IT and logistics services transitional services deal after the transaction's closing, which is expected by October. The automotive fasteners manufacturer expects the transaction to have a positive impact on its EPS, on a pro forma basis, and will use the proceeds to bolster its financial position and pursue selected growth opportunities.