Umega AB
Sale date:
2012 year
Company activity:
Metal processing
Invested:
€0.6 million (1994)
Dividends received:
€0.3 million
Sales amount:
€1.1 million
Invalda acquired the metal processing company Umega early in its operations, in 1994. Amid consolidation, in 2005 Umega was merged with another Utena-based company, Utenos Elektrotechnika, whose main activity is the production of electric laboratory furnaces. In 2008. Umega acquired and incorporated the metal processing firm Vienybe and became one of Lithuania’s largest metal processing companies.
In 2011 Umega had revenues of EUR 19.4 million. The sale of Umega’s shares did not impact Invalda’s standalone financial statements for the first quarter of 2012. In the consolidated statements it had a positive impact of EUR 0.6 million.