Tuesday, 21 September, 2010

OEM International acquires All Motion Technology

OEM International has today acquired All Motion Technology. All Motion Technology has a turnover of approximately MSEK 30 on a yearly basis, with sales in the Nordic countries. This acquisition is a to expand the customer offer and strengthen the position within motion technology.

-         All Motion is a well-managed company with a very interesting product portfolio. We see a large potential in coordination with OEM’s product range and to increase our competitiveness within electrical motors in the Nordic market, says Jörgen Zahlin, managing director and CEO for OEM International.

All Motion Technology markets electrical motors with high requirements of exactness and precision. The head office is located in Stockholm and the company has 5 employees.

 The purchase sum amounts to approximately MSEK 9.5 plus an additional purchase sum based on how the business develops until 2012. The acquisition is expected to have a small positive 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 21 September 2010 at 14.00 Swedish times.

 

Tranås, 21 September 2010

 

OEM International AB (publ)

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