Lindab International AB : Lindab acquires Ventilation Company with technical products and solutions expertise
Lindab has today entered into an agreement in principle with the IMP TIO Group to acquire IMP Klima. IMP Klima's business includes products and solutions for ventilation and indoor climate with specific expertise in air handling units and fans. The acquisition strengthens Lindab's ambition to develop its position as a complete supplier of ventilation and indoor climate solutions.
IMP Klima has its registered office and principal business in Slovenia, with units for production and a modern research and development centre. Production is also carried out in Sarajevo, Bosnia. Turnover amounted to around EUR 25.6 million in 2014 and the business employs approximately 415 employees. Sales are primarily to the Balkans, Russia, Europe and the Middle East.
Lindab's President and CEO, Anders Berg, commented:
"Through the strategic acquisition of IMP TIO's climate business we sharpen our offering even further and strengthen our competence in complete solutions, which also means greater confidence for our customers. Earlier this year, Lindab acquired MP3 with excellence in fire and smoke protection, and now we take a further step in the realisation of our strategy.
The air handling unit is an important part of a ventilation offering, which is why IMP Klima, characterised by high quality and great competence, forms a very important and welcome addition to Lindab's business and adds strength within a number of areas other than air handling units as well. Furthermore, we strengthen our market position in several areas."
The acquisition is expected to generate synergies primarily on the sales side, and will make a positive contribution to Lindab's business within a year.
The completion of the transaction is subject to final registration of restructuring on the seller's side as well as to approval from certain national competition authorities.
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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