The Lithuanian company said that FL Technics would represent Semmco in 24 countries in Southeast Asia, Eastern Europe and the CIS, according to a deal.
FL Technics will be exclusive distributor of the UK company's production in Myanmar, Laos, the Philippines, Cambodia, Nepal, Bangladesh, Bulgaria, Hungary, Slovakia, Latvia and Lithuania, also reselling Semmco equipment in Russia and the CIS.
Last year, FL Technics posted a net loss of 11.917 mln euros (down from EUR 145,000 in profit in 2014), while its revenue from sales went up by 4.3% t to 86.638 mln euros.
