May 26, 2016 / 2:42 PM / a year ago

BRIEF-AAT Holding updates on international expansion strategy

May 26 (Reuters) - AAT Holding SA :

* Said on Wednesday it updated its international expansion strategy

* Is to continue expansion in Central and Eastern Europe through increasing number of subsidiaries by establishing new units or by acquisitions

* In Western Europe it aims at limiting development of its own units and focus on acquisitions of existing units only

* Is to liquidate its Dutch unit ASTAL Security Technologies B.V. (Astal Holandia) because of high operating costs and lower growth dynamics comparing to units operating in Central and Eastern Europe

* In 2015 ASTAL Security Technologies B.V. reported net loss of 1.6 million zlotys ($405,905.93)

* Regardless of decision to close Astal Holandia it intends to keep its presence in Dutch market in cooperation with a local distributor

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$1 = 3.9418 zlotys Gdynia Newsroom

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