Thursday, 22 June, 2017

OEM International acquires Candelux Sp. z o.o. in Poland

OEM International has today signed an agreement to acquire all shares in Candelux Sp. z o.o. The company, with head office in Warsaw, Poland, is the distributor of lighting products of own and third party premium brands. Candelux has a yearly turnover of approximately 4 MEUR.  

- Candelux has with more than 25 years’ experience in working with both commercial and residential projects a strong position on the Polish lightning market. Beside continue developing Candelux it also gives an opportunity to launch Hide-a-lite lightning products in the Polish market, says Jörgen Zahlin, Managing Director and CEO for OEM International.

The acquisition is expected to have a marginal impact on OEM’s profit for the current year.

This information is of such a nature that its disclosure by OEM International AB (publ.) is required under the EU Market Abuse Regulation. The information was provided for publication on 22 June 2017 at 15:45 CET by the contact person below. 

Tranås, 22th June 2017

OEM International AB (publ)

Download Press release OEM International acquires Candelux