Aqeri Jumps Most in Two Weeks on Turkish Order: Stockholm Mover

Aqeri Holding AB (AQER) rose the most in almost two weeks in Stockholm trading after the Swedish maker of computer and communication products for extreme environments received an order from Turkish defense company Aselsan.

The shares jumped as much as 16 percent to 4.62 kronor, its steepest gain since April 16, and traded 15 percent higher at 4.6 kronor as of 12:44 p.m. local time.

Aqeri has signed a contract with Aselsan valued at 1 million kronor ($153,000), which may result in two additional orders valued at 6 million kronor and as much as 40 million kronor, respectively, in the future, the Spaanga, Sweden-based company said in a statement. The order for computers, screens and communication equipment will be delivered this quarter.

“It’s likely that Aqeri now has even better possibilities to win a bigger serial contract, which could then be followed by the really big serial contract at the end of the year,” Chief Executive Officer Manne Koerfer, said in the statement.

To contact the reporter on this story: Niklas Magnusson in Stockholm at nmagnusson1@bloomberg.net

To contact the editors responsible for this story: Kim McLaughlin at kmclaughlin6@bloomberg.net; Toby Alder at talder@bloomberg.net

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