Paperlinx Limited
(ASX:PPX) has announced its Danish operation has purchased Cadorit for $1.1 million.
Cadorit is based in South West Sweden and specialises in digital solutions for the sign and print industry.
It has annual revenues of about $3.2 million.
Peperlinx CEO Dave Allen says the acquisition is in line with its strategy to expand its revenue streams beyond the traditional print offering.
The deal was completed on June 1 and was funded from the local credit facilities of Paperlinx’ Danish operation.
Paperlinx posted a net loss of $57.3 million in the first half of fiscal 2013.
