Hanza completed the acquisition of RITTER Elektronik for €12m.

Hanza, a global knowledge-based manufacturing company, completed the acquisition of RITTER Elektronik, a German mechatronics company, for €12m. "We are now passing an important milestone for HANZA, in line with our business model and expansion plan. It is also another example of how we use our strong cash flow to create a financial position that enables the continued development of HANZA. The transaction means that we increase the value to current customers, while at the same time positioning ourselves for new market shares in the extensive German market," Erik Stenfors, HANZA CEO.