Lindab International AB :Lindab acquires French Ventilation Company
Lindab has today entered into an agreement to acquire the French company Nather S.A. Nather's business cover primarily products and solutions for residential ventilation. The acquisition strengthens Lindab in the residential ventilation segment on the French market but also in other parts of southern and Central Europe over time.
Nather has its headquarters and a smaller production facility in Portes-les-Valence, south of Lyon and employs 17 people. Turnover amounted to approx. SEK 45 m and EBIT to SEK 1.7 m in 2014. Sales are mainly in France.
Lindab's President and CEO Anders Berg commented:
"Our acquisition strategy includes complementing our offering and our market presence. This acquisition fits well into Lindab and in to our Southern and Central European sales region. Residential ventilation is a growing segment in which we have a relatively small share today. With this acquisition, we will be able to offer our customers in the French and neighbouring markets complete solutions for residential ventilation, which strengthens our market position."
Nather, which has been an ancillary business within previous owner groups will now receive stronger attention and opportunities to develop positively within Lindab.
The acquisition is expected to provide synergies mainly in sales and purchasing.
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| The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. |
Contacts:
LINDAB
Anders Berg, CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155
Linda Kjellgren, Acting CFO
Email: linda.kjellgren@lindab.com
Mobile: +46 (0)70 51 77867
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel 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 revenue of SEK 7,003 m in 2014 and is established in 32 countries with approximately 4,600 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2014, the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 21 percent, Western Europe for 30 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com