Opcon: Completes sale of Engine Efficiency business area

Opcon, the energy and environmental technology Group, has today in accordance with the agreement signed on November 7 completed the sale of its subsidiary, SEM AB, and SEM’s subsidiary, SEM Technology Suzhou Co. Ltd in China, which together constitute the Engine Efficiency business area.

Purchase price amounts to SEK 218,3 million on a debt free basis with a variable component depending on performance that may increase or decrease final purchase price by a maximum of SEK 10 million. The acquirer is the investment fund Perusa Partner Fund 2.

Settlement has been made via the buyer taking over external debt including operational and financial leasing of approx. 70 m SEK, 90 m SEK in cash at closing and with the remaining amount after adjustments for working capital, variable component etc. being settled through an interest bearing vendor note payable after 36 months.

“The sale means a considerable strengthening of our financial position and that we can now focus entirely on the energy and environmental technology we have developed and which we see major opportunities for in the future. This will also trigger an overhaul of the organizational structure and strategy of our Renewable Energy business area and will also enable synergies within administration and management with further savings at Group level. As an example our split headquarters between Åmål and Stockholm will be moved completely to Stockholm”, says Rolf Hasselström, President and CEO of Opcon.

For further information, please contact

Niklas Johansson, vice president, Investor Relations, Opcon AB, tel. +46 8-466 45 00,+46-70-592 54 53

Opcon AB, Box 15085, 104 65 Stockholm, Sweden
Tel. +46 8-466 45 00, fax+46 8-716 76 61
e-mail: info@Opcon.se

The Opcon Group

Opcon is an energy and environmental technology Group that develops, produces and markets systems and products for eco-friendly, efficient and resource-effective use of energy.

Opcon has activities in Sweden, Germany and the UK. There are around 150 employees. The company’s shares are listed on Nasdaq OMX Stockholm. The Group comprises the business area:

Renewable Energy focuses on the following areas: electricity generation based on waste heat, bioenergy-powered heating and CHP plants, pellets plants, drying of biomass, handling systems for biomass, sludge and natural gas, industrial cooling, flue gas condensation, treatment of flue gases and air systems for fuel cells.

The information in this report is such that Opcon AB (publ) is obliged to disclose in accordance with Swedish securities markets law and/or Swedish law on trading in financial instruments.

This information was released for publication on Thursday 22 November 2012 at 15.00 (CET).



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