PiezoMotor: First acquisition, more to come

Redeye remains positive to the case following the recently announced acquisition of Sensapex Oy. The new company fits very well into PiezoMotor’s growth strategy of offering more complete system solutions. We believe this is just the beginning of an extended growth journey, underpinned by solid organic growth coupled with several additional strategic acquisitions in the future. Our Base case fair value is now around SEK 65 per share, offering good potential from the current share price level..