KMT has sold Nymek

KMT has sold Nymek Today KMT has sold all shares in Nymek AB. Purchasers are Stenlund Maskiner AB and Söderhamn Invest AB. The purpose with this sale is to concentrate KMT's business. Effects on KMT This transaction means that the turnover of product area Sheet Metal Working will be reduced by about SEK 60M on an annual basis. Last year the total turnover of this product area was SEK 660M. Further this trans- action will result in a nonrecurring effect, which will decrease the profit of the group for this financial year with about SEK 0.70 a share. This concen-tration is estimated to give positive effects from 2002. Björn Kumlin, President and CEO of KMT, comments: "Nymek's line of business has not fit into KMT's line for some time. Therefore we are very pleased that we now have found new owners, that partly will continue to concentrate on Nymek's present line and partly supplement the business with their own manufacturing". For further information, contact: Björn Kumlin, President and CEO, Karolin Machine Tool AB Phone: +46 910-71 10 30 / 070-587 26 60 or via e-mail: ------------------------------------------------------------ This information was brought to you by BIT The following files are available for download: