The divestment is part of efforts to streamline the product range of the Group's ELCOM/EMS division. An industrial buyer has been found for Wijdeven, offering the company attractive opportunities for further development. Wijdeven generated sales of just over €5 million in 2017.
The transaction will result in an accounting profit in the low single-digit millions, mainly from the recovery of acquisition-related expenses. The parties have agreed not to disclose the purchase price.