OEM International acquires Kübler Svenska AB
OEM International has today signed an agreement to acquire all shares in Kübler Svenska AB. Completion date is planned to be 1st December 2014. The company is located to Stockholm and markets components for fluid control in machines and processes. Kübler Svenska AB has a yearly turnover of approximately 13 MSEK.
- Kübler Svenska AB is a good complement to OEM both competence and product wise, which will strengthen our customer offer within pressure and flow components. Gradually the business will be integrated in OEM Automatic AB, with the purpose to increase efficiency in marketing and sales, says Jörgen Zahlin, Managing Director and CEO for OEM International.
The purchase sum amounts to approximately 7,1 MSEK, plus an additional purchase sum based on the business development during one year. The acquisition is expected to have a marginal 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 27th November 2014 at 08.30 CET.
Tranås, 27th November 2014
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 29 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