Nederman Holding AB will take over as owner of EFT today.
The acquired business will be consolidated in the Nederman Group on the completion date. In practice, this will mean that no earnings relating to the acquisition, apart from acquisition costs, will be reported in Q3. EFT will be incorporated in Nederman's EMEA and International operating segments. The integration of the businesses will start immediately and should be completed by the end of 2013.
Nederman was already the global market leader in industrial air filtration. The acquisition of EFT gives Nederman a strong position on the important North American market and further reinforces the Group in other significant markets such as Australia. EFT's solutions and skills in the base industry segment (e.g. mining, chemicals and steel) will complement and further strengthen Nederman's world-leading positions.
More details about the deal were presented in a press release dated 11 September 2012.
For further information, please contact:
Sven Kristensson, President and CEO, Nederman
Telephone: 0046 42-18 87 00
e-mail: sven.kristensson@nederman.com
Stefan Fristedt, CFO, Nederman
Telephone: 0046 42-18 87 00
e-mail: stefan.fristedt@nederman.com
Nederman Holding AB is legally bound in accordance with the Securities Market Act for publishing information in this press release. This information was submitted for publication at 08:00 CET on 26 September 2012.
Facts about Nederman
Nederman is one of the world's leading companies supplying products and solutions in the environmental technology sector focusing on industrial air filtration and resource management. The company's products and systems contribute to reducing the environmental effects from industrial production, to creating safe and clean working environments and to boosting production efficiency. Nederman's offering encompasses everything from the design stage through to installation, commissioning and servicing. Sales are carried out via subsidiaries in 29 countries and distributors in over 30 countries. Nederman develops and produces in its own manufacturing and assembly units in Europe, North America and Asia.
The Group is listed on Nasdaq OMX, Stockholm and has around 1,500 employees. Nederman Holding AB (publ), P.O. Box 602, SE-251 06 Helsingborg, Sweden.
Corporate registration number: 556576-4205
http://www.cisionwire.com/nederman/r/nederman-completes-acquisition-of-environmental-filtration-technologies--eft-,c9309799
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