Notelta omien sanojensa mukaan odotetun pehmeä startti vuoteen liikevaihdon laskiessa orgaanisesti 6 % ja kannattavuuden heikentyessä: toimarin katsaus keskittyykin pääasiassa puolustusalalta tehdyn yritysoston “strategiseen” (huokaus) hankintaan ja pehmyt kvartsi selitetään asiakkaiden varovaisuudella.
” At the end of the quarter, we completed our acquisition of STI, the UK’s leading EMS partner for the defence industry, which we view as transformational for the whole of NOTE. A strategically vital acquisition that complements our existing structure and strengthens our offering to both existing and new defence customers across Europe. We add several of Europe’s leading defence corporations to our established Security & Defence partnerships—a strategic segment for NOTE.
Note ilmoitti maaliskuussa ostaneensa briteistä puolustusalan alihankkijan STI:n n. EV/EBITDA 10x kertoimin.
NOTE has acquired 100 percent of the shares in STI Enterprises Holdings Limited (“STI”), the UK’s leading manufacturer of advanced and mission‑critical electronic solutions for the defence industry. The acquisition strengthens NOTE’s position within the strategically important defence segment and represents a significant expansion of the Security & Defence segment.
STI is a well‑established EMS partner with long-standing customer relationships and extensive experience of working with leading global defence companies. The company operates across all defence domains – air, land, cyber and marine – and runs two high‑technology production sites in Hook and Poynton, with extensive capabilities in advanced PCBA, box build and testing.
STI is expected to generate revenues of GBP 60 million (~SEK 750 million) in 2026 and has a strong order book. Profitability is in line with NOTE’s. The company has approximately 300 employees.