“The decision to sell AROBS Polska followed a strategic review of the Group’s portfolio of companies and reflects AROBS’ disciplined approach to capital allocation and its focus on areas where the Group has established capabilities, can leverage international synergies and sees the most relevant growth opportunities. These areas include software and engineering services for the automotive industry, IoT and telematics, enterprise software, life sciences and travel,” Arobs officials say.
AROBS Polska’s activity, focused on the development of electronic solutions for satellite applications, has a distinct profile compared to the Group’s core business lines, being characterized by extended development cycles, projects carried out predominantly under institutional programs, and specific capital and infrastructure requirements.
The integration of AROBS Polska into WB Electronics S.A., an industrial group with relevant experience and capabilities in the field, creates favorable conditions for the continued development of AROBS Polska’s operations, AROBS said.
(English version by Loredana Fratila-Cristescu)