Vlkanová, Slovensko – GEVORKYAN, a.s.
The world-renowned innovator in powder metallurgy continues to make acquisitions in Europe.
As announced last year, the transfer of business from competing companies in Italy to Slovakia has begun.
Our previous investments in capacity expansion, automation and digitalization allowed GEVORKYAN, a.s. to already successfully integrate powder metallurgy plants in Poland and Sweden.
These acquisitions represent a significant milestone in the company's strategic expansion and will bring in 12-14 million euro per year in sales. The acquisitions are also aimed at further diversifying our customer portfolio and providing local technical and commercial support in the Southern Europe region. The competitive advantage of GEVORKYAN, a.s. is its strong product development department, its own tool production and efficient acquisition of new customers and new projects.
Through these acquisitions, GEVORKYAN, a.s. is efficiently increasing sales, thus complementing its own organic growth from existing operations without any material impact on its operating margins or increased capex costs.
This strategy also includes new contracts for the aerospace industry and the development of sophisticated parts for modern 3D printers, where GEVORKYAN, a.s. brings high-capacity and fast solutions to the customers.
"The integration of the new companies will preserve long-standing client relationships. After the acquisition, our partners gain access to GEVORKYAN’s strong product development, cheaper energy, and become member of a family of a global supplier for the whole world. We are confident that by combining our strengths with local professionals, we will be able to deliver even more value to our customers." Says Chairman of the Board and CEO, Artur Gevorkyan.
More updates will be provided in due course.
Full Press release in PDF format available here:
Audited results can be found at https://www.gevorkyan.sk/pre-investorov.
Contact for media:
Mgr. Monika Erdely,
Marketing Manager,
Warning:
This document in no way constitutes an offer or invitation to sell or buy securities. The information contained in this document is for information purposes only and we recommend that you contact the above-mentioned representative of GEVORKYAN, a.s. for context and clarification. The public offering of shares in the Czech Republic was made on the basis of a share prospectus prepared pursuant to Regulation (EU) 2017/1129 of the European Parliament and of the Council on prospectuses, which is available on the website of GEVORKYAN, a.s.
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