Gunnebo Industrier acquires Norwegian company within the lifting sector

Gunnebo Industrier acquires Norwegian company within the lifting sector Gunnebo Industrier AB has reached an agreement today to acquire all the shares in Norwegian company Andr Jacobsen A/S (ANJA) with completion April 2, 2001. The company was founded in 1918 and is owned by its president, Atle Jacobsen, and his two cousins. ANJA, which is located outside Bergen, has 50 full-time employees and a turnover of MNOK 46. Profitability is very good and the production equipment, which is modern, includes a forge, a machining unit, and heat treatment and finishing/surface treatment sections. ANJA is active in two main areas: sub-contract forging of lifting hooks, for which Gunnebo Lifting is the largest customer; and the manufacture and sale of range of proprietary products, mainly shackles and rigging screws. ANJA has state-of-the-art competence in special shackles for marine use, for which the offshore and fish farming industries are large customers. The company will continue to trade under its own name and with the same management. GUNNEBO AB Group Communications For further information please contact: Jan Hedström, President Gunnebo Industrier AB, telephone: +46 490 890 00 Janerik Dimming, SVP, Group Communications Gunnebo AB, telephone: +46 31 83 68 00, mobile +46 70 583 68 03 www.gunnebo.se ------------------------------------------------------------ This information was brought to you by BIT http://www.bit.se The following files are available for download: http://www.bit.se/bitonline/2001/03/15/20010315BIT00270/bit0002.doc http://www.bit.se/bitonline/2001/03/15/20010315BIT00270/bit0002.pdf