Apator has signed a real estate purchase agreement for PLN 52,3 million net

Apator Powogaz - a subsidiary of Apator - concluded a promised contract for the purchase of real estate together with a newly built production plant in Jaryszki (Kórnik commune, Poznań poviat), to which the company's operations will be relocated, Apator reported. The final total value of the contract is PLN 52.3 million net.

The property price includes:
• PLN 6.4 million net as the price for the acquired land real estate,
• PLN 45.9 million net of remuneration for the design, construction and transfer of ownership of the production hall with the office part, as well as for the transfer of proprietary copyrights and subsidiary rights to the project.

“Relocation of Apator Powogaz (production plant and office and staff facilities) is a key factor influencing the development and future results of the Water and Heat segment. The transfer of the company's manufacturing activities to a modern factory will allow for further automation of production processes, implementation of the highest product quality standards and a significant increase in efficiency and production capacity. The scale of production of the company's largest assortment group - water meters, by 2025 will reach the level of 4 million items per year, which means an increase of approx. 40% compared to 2021. The volumes in other assortment groups will also definitely increase "- reads the release.

Grupa Apator specializes in the field of switchgear and metering, as well as IT systems. The company has been listed on the WSE since 1997. In 2021, it had PLN 940.3 million of consolidated revenues.

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