Ann: Uscom Completes Thor Acquisition, page-4

Hahaha, great point! I hadn't considered that. Well, the ann does say: "Hungary is a European manufacturing secret, providing highly cost-effective manufacturing for the medical device companies of Germany and Switzerland."

I guess it is the best kept secret in the world! In all seriousness though, my best guess would be R&D grants and tax exemptions likely make it possible. I haven't looked at a Thor annual report, but the use of cash flow positive rather than "operationally" in front would indicate they rely on grants and exemptions.

Not a bad thing though. It would seem they are in a similar growth phase to UCM which makes the synergy even better.