Lindab International AB : Lindab strengthens the commitment to energy efficient ventilation solutions by acquisition of FlowPad®
Lindab has signed an agreement on acquiring all rights to the technology related to FlowPad®, a newly developed technology for measuring airflow and air temperature without pressure loss in HVAC systems.
The technology is unique in the application for HVAC systems and for the benefit of e.g. higher energy performance, controlling, commissioning and balancing.
Products and systems, based on this new technology, will be introduced during 2016.
Anders Berg, Lindab's President and CEO commented:
"The acquisition of the technology related to FlowPad is a noticeable step for Lindab, which confirms Lindab's commitment to create energy efficient systems and added value for our customers and end users."
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Contacts:
LINDAB
Anders Berg, President and CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155
Bengt Andersson, Product and Market director
Email: bengt.andersson@lindab.com
Mobil: +46 (0)70 59 14532
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions for simplified construction and improved indoor climate. The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales of SEK 7,589 m in 2015 and is established in 32 countries with approximately 5,100 employees.The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2015, the Nordic market accounted for 44 percent, Western Europe for 33 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 19 percent and other markets for 4 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap, under the ticker symbol LIAB. For more information visit www.lindabgroup.com.