Technology

'It was tough': Norwegian equipment supplier Optimar eyes Southeast Asia, China following management buyout

The company posted significant losses last year following Russia's invasion of Ukraine.

The company started the buyout process late last year because it needed to restructure after losing more than a third of its NOK 300 million (€26 million/$28 million) revenue following Russia's invasion of Ukraine.
The company started the buyout process late last year because it needed to restructure after losing more than a third of its NOK 300 million (€26 million/$28 million) revenue following Russia's invasion of Ukraine.Photo: Ingebrigt Bjørkevoll
Published 20 September 2023, 05:44Updated 20 September 2023, 05:44
NorwayInvestmentsMergers & AcquisitionsChinaSoutheast Asia