PARIS — AAC Microtec Clyde Space on Feb. 21 warned investors to expect that the company’s cash flow would be used for further acquisitions in the small satellite manufacturing sector and that the purchase of Scotland’s Clyde Space was only the beginning.
AAC Microtec Clyde Space Chief Executive Alfonso Barreiro did not sugar-coat his message during a presentation to the Borsveckan Small Cap conference. The company, which is listed on the Nasdaq First North exchange, is a startup that sees inorganic growth as key to its future, he said.
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