VAT Group AG (SWX:VACN) may look for bolt-on acquisitions. Mike Allison, Chief Executive Officer said, "we may also look at smaller technology or bolt-on acquisitions in order to get to the desired results faster, and if we strictly followed the internal development path, but these would likely be small and focused. And we are not intended to diversify into a wider industrial strategy.

Staying focused is what made VAT the global market leader, and it will remain that way".