Lindab International AB :Lindab acquires French Ventilation Distributor Froid Partn'Air
Lindab has reached an agreement to acquire the French company Froid Partn'Air, distributor of ventilation and indoor climate products in the Marseille region in France. The acquisition strengthens Lindab's presence and distribution in this area, which is the third most populated area in France. The annual turnover amounts to approx. SEK 13 m and the company employs 5 people.
Lindab' President and CEO Anders Berg comments:
"Our distribution model with fully-owned branches gives us a competitive advantage in terms of close customer relations and a unique knowledge of our customers' requirements. This acquisition strengthens our geographical presence in an important local area in France."
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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
Linda Kjellgren, Acting CFO
Email: linda.kjellgren@lindab.com
Mobile: +46 (0)70 51 77867
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 7,003 m in 2014 and is established in 32 countries with approximately 4,600 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales. During 2014 the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 21 percent, Western Europe for 30 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