Amica takes over UK's CDA

Kitchen appliance producer, Amica has signed a deal to take over a 100 percent stake in logistics company, CDA for £24.3 million, the company said. The price includes CDA's financial assets totaling £7 million. The transaction is financed from the company's own means and a bank loan. Amica said that the acquisition will ease expansion in Western Europe, and reach revenues of £1.2 billion and EBITDA at PLN 107 million in 2023. CDA has 25 years' experience in distributing kitchen appliances in the UK.