OEM International acquires TemFlow Control AB
OEM International has the 23rd of October 2012 signed an agreement to acquire TemFlow Control AB in Stockholm. The company markets components and systems for monitoring pressure, flow and temperature in Sweden. TemFlow Control AB has an annual turnover of approximately 13 MSEK.
- We are looking forward to develop the company and use the synergies with OEM Automatic in Sweden. TemFlow has a competitive product range and extensive experience in delivering carefully selected products on the Swedish market, says Jörgen Zahlin, Managing Director and CEO for OEM International.
The purchase sum amounts to 4 MSEK. The acquisition is expected to have a small 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 24th October 2012 at 08.30 CET.
Tranås, 24th October 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 27 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