Lindab International AB : Lindab strengthens in-house production of indoor climate solutions
Lindab has today entered an agreement to acquire the assets in Novo Clima, manufacturer of water-based indoor climate products, which are included in Lindab's product range.
Lindab's President and CEO, Anders Berg, commented:
"Our goal is to provide access to products of high quality that rapidly satisfy demand. Through the acquisition of Novo Clima we ensure and increase efficiency in the value chain.
During 2013, we saw a positive trend for the project sales of our indoor climate solutions and we will continue to strengthen our knowledge, delivery accuracy and production efficiency."
Novo Clima is based in Götene, Sweden, has an annual turnover of around SEK 40 million and employs around twenty people.
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| The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. |
Contacts:
LINDAB
Anders Berg, CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155
Per Nilsson, CFO
Email: per.nilsson@lindab.com
Mobile: +46 (0)70 33 85069
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 6,523 m in 2013 and is established in 32 countries with approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales.During 2013, the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 24 percent, Western Europe for 27 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com