Boyanov & Co has advised Swedish manufacturing company Note on its acquisition of Bulgarian electronics manufacturer ATM Electronics.
"Through the acquisition, Note gets its second plant in Eastern Europe," Boyanov & Co informed. "The plant in Bulgaria is expected to meet a rapidly growing need for cost-effective production close to customers in Europe."
Note is a Swedish manufacturing company with a presence in Finland, the UK, Estonia, Bulgaria, and China. ATM Electronics focuses on manufacturing electronics and has operations in Sofia, with electrical assembly done in nearby Petrich.
"We are enthusiastic about this acquisition, which, in addition to adding another profitable plant to the group, also expands our manufacturing capacity in Eastern Europe," Note CEO and President Johannes Lind-Widestam commented. "We see great value in the fact that we are now expanding the possibilities to offer our existing customers advanced electronics manufacturing in a very cost-effective part of Europe. Together with existing customers, staff, and management in Bulgaria, we look forward to developing the business further and continuing our profitable growth journey."
The Boyanov & Co team included Partner Yordan Naydenov, Counsel Mihail Vishanin, and Associate Nikol Rahmanlieva.