Astor Group secures first order through German subsidiary
Aerospace and defense company Scandinavian Astor Group AB (publ) (STO:ASTOR) announced on Friday that it has received an initial order through its newly established German subsidiary, Astor Group Deutschland GmbH.
The order involves service parts for a previously delivered Scandiflash X-ray system and holds limited financial significance. However, it marks a milestone in the company's expansion into the German market. The subsidiary enhances customer relations, improves service efficiency and fosters closer cooperation with German defence authorities and industrial partners.
Delivery is planned for spring 2025. Due to industry sensitivities and national security considerations, further details will not be disclosed.
Published in
Nordic Business Report
on Friday, 21 February 2025
Copyright (C) 2025, M2 Communications Ltd.
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