Press release published at The Swedish Wire
We are satisfied over the acquisition of a well-managed company that will strengthen our market position as well as our offer within batteries. There is a great potential in continuing to develop the company and further improve the competitiveness through product range development, says Jörgen Zahlin, Managing Director and CEO for OEM International.
The purchase sum amounts to 0,5 MEUR plus an additional purchase sum based on how the business develops during 2012 and 2013. The acquisition is expected to have a small positive impact on OEM's profit for the current year.
This information is of the type that the company is obliged to publish in accordance with the Swedish Securities Market Act. The information was made public on 30th April 2012 at 16.00 CET.
Tranås, 30 April 2012
OEM International AB (publ)
For further information, please contact:
Jörgen Zahlin, managing director and CEO for OEM International, phone number 46 75 242 40 22.
OEM International, with its head office in Tranås, Sweden, comprises 25 operational units in 14 countries. The Group trades in industrial components and systems for industrial automation. In simple terms, OEM acts as an alternative for manufacturers to selling through their own companies. Visit our website - www.oem.se
This information was distributed by Cision