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Electrostar buys sweeper producer Haaga25th of October 2011
Haaga now becomes part of the Algo Company Group, which comprises nine companies based in Germany, Austria, Malta and Russia. It employs 390 staff and reported a revenue of 46 million euros in 2010.
Roman Gorovoy, managing director of Electrostar, feels both companies can benefit from synergy effects in their manufacturing processes. He added: "We are expecting other noticeable synergy effects in the area of international sales and marketing."