AQ Group acquires assets from Norlake for $1.4 million

AQ Group agreed to buy operating assets and related real estate from Norlake in Ohio for USD 1.4 million. Transaction includes assuming and settling about USD 12 million of debt at closing; acquired properties valued at about USD 7.3 million. Norlake makes custom transformers and inductors; 2025 revenue was USD 7 million, with profitability below AQ’s average. Deal closed Sept. 21, 2026; AQ sees capacity to lift annual revenue to about USD 35 million at full utilization. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. AQ Group AB published the original content used to generate this news brief on September 22, 2026, and is solely responsible for the information contained therein. (C)