Systemair becomes largest shareholder in Lindab
Systemair AB (OMX Stockholm: SYSR) has acquired Ratos holding in Lindab, comprising 11.2 percent of the shares corresponding to 8,849,157 shares. Systemair has also acquired an additional 300,000 shares in the market and is therefore the largest shareholder in Lindab with a total of 11.6 percent of the total shares.
"Systemair has the ambition to become a long-term industrial owner in Lindab. We have cooperated with Lindab since many years in the product area ventilation. We see opportunities for increased cooperation in both products and distribution between the companies", says Gerald Engström, President and CEO for Systemair.
"We hope that together with the other shareholders contribute to the further development of the company ", says Gerald Engström.
For further information, please contact:
Gerald Engström, CEO, +46 222 440 01, + 46 70 519 00 01
Glen Nilsson, CFO, + 46 222 440 03, + 46 70 654 40 03
Systemair AB, 739 30 Skinnskatteberg, 0222-440 00, www.systemair.com
Note: The information here is that which Systemair 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. The information was published at 08:40 (CET) on 20 August 2012.
Systemair in brief
Systemair is a leading ventilation company with operations in 44 countries in Europe, North & South America, the Middle East, Asia and South Africa. The Company had sales of SEK 4 billion in financial 2011/12 and currently employs about 3,100 people. Systemair has reported an operating profit every year since 1974, when the Company was founded. During the past 15 years, the Company's growth rate has averaged about 14 percent.
Systemair has well-established operations in growth markets. The Group's products are marketed under the Systemair, Frico, VEAB and Fantech brands. Systemair shares have been quoted on the Mid Cap List of the OMX Nordic Exchange in Stockholm since October 2007. The Group comprises about 60 companies.