Lindab acquires French ATIB and strengthens its position in technical ventilation products

Lindab is advancing its position in technical ventilation products through the acquisition of the French ventilation specialist ATIB. The acquisition also strengthens Lindab's sales and distribution in western France.

ATIB is a well-established French distributor of ventilation and indoor climate products. Most of the sales consist of ventilation systems for commercial properties. The product range includes air handling units, silencers, air diffusers, fire protection products and filters.

Sales of technical products are, to a large extent, directed through ventilation consultants, who prescribe the products to be used in ventilation systems. ATIB has in-depth knowledge of technical sales and long-standing relationships with customers in the field. This creates opportunities for additional sales of Lindab's technical products and knowledge transfer to other parts of Lindab.

"We are pleased to welcome ATIB to Lindab. New growth opportunities are created within an attractive product area.”, says Ola Ringdahl, President and CEO of Lindab. "ATIB is a well-managed company that is appreciated for its technical expertise and its long-term customer relationships. We see good opportunities to increase both our and ATIB's sales and to expand Lindab's knowledge in the field of technical ventilation products in the French market. We are also very pleased that Cyril Ravon and Emmanuel Ravon will continue to lead ATIB, as part of Lindab Group."

"We look forward to further developing ATIB's business, being part of Lindab Group. Our businesses complement each other well and are based on similar values of high quality and customer satisfaction.”, says Cyril Ravon, Managing Director of ATIB.

ATIB (Aeraulique Thermique Industrie Batiment SAS) is based in Nantes and Bordeaux in western France. The company has annual sales of approximately SEK 250 million with an operating margin in line with Lindab's operating margin. ATIB was founded in 1973 and employs 40 people. The acquisition is financed through own cash and is expected to be finalized during the fourth quarter.

Read more about ATIB on their website https://www.atib.fr/

Contacts:

Ola Ringdahl
President and CEO
E-mail: ola.ringdahl@lindab.com
Phone: +46 (0) 431 850 00

Lars Ynner
CFO
E-mail: lars.ynner@lindab.com
Phone: +46 (0) 431 850 00

Catharina Paulcén
Head of Corporate Communications
E-mail: catharina.paulcen@lindab.com
Mobile: +46 (0) 701 48 99 65

Lindab in brief

Lindab is a leading ventilation company in Europe. Lindab develops, manufactures, markets and distributes products and systems for energy-efficient ventilation and a healthy indoor climate. The products are characterised by high quality, ease of installation and environmental thinking.

The Group had sales of SEK 13,114 m in 2023 and is established in 20 countries with approximately 5,000 employees. The Nordic region accounted for 45 percent of sales in 2023, Western Europe for 42 percent, Central Europe for 12 percent and Other markets for 1 percent.
 
The share is listed on the Nasdaq Stockholm, Large Cap, under the ticker symbol LIAB.