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 to 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 222Â 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 08:30 (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.
Press release PDF:
http://hugin.info/138279/R/1634886/525028.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Systemair AB via Thomson Reuters ONE
[HUG#1634886]
