OEM International acquires ATC Tape Converting AB

OEM International has today signed an agreement to acquire all shares in ATC Tape Converting AB. ATC Tape Converting, with head office in Swedish Järfälla, converts and markets industrial tape and has a yearly turnover of approximately 18 MSEK.

-      ATC Tape Converting is a well-managed company with products and solutions that is a supplement to our existing product portfolio within the OEM-group. We will gradually deepen cooperation between ATC Tape Converting and OEM Electronics AB to use synergies and develop our offer, says Jörgen Zahlin, Managing Director and CEO for OEM International.

The acquisition is expected to have a marginal 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 27th August 2015 at 08.30 CET.

Tranås, 27th August 2015

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 32 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