Gunnebo Industrier: Gunnebo Industrier acquires Clark Tra...

Gunnebo Industrier acquires Clark Tracks Limited Gunnebo Industrier AB has acquired Clark Tracks Limited, a Scottish company that manufactures and sells tracks for forest machines. Clark Tracks, which has an annual turnover of some MSEK 25, manufactures and sells tracks for forest machines, with most of its sales going to export markets. The acquisition will generate substantial synergies on the marketing side as the tracks manufactured by Clark Tracks are used on the same forest machines as the chain-based non-skid products from Gunnebo Industriers's Non-Skid Business Unit. "The acquisition of Clark Tracks Limited will further strengthen our market offering. We are already the world's leading manufacturer of non-skid products for the forestry market, and this acquisition will boost our position on this market," says Christer Lenner, President and CEO of Gunnebo Industrier. "There will also be additional synergies as the forges in Gunnebo Industrier's Lifting Business Unit can manufacture some components that Clarks Tracks has been buying from outside suppliers for incorporation in its tracks," adds Lenner. The acquisition will have a positive effect on the result for 2007. "I am very satisfied and pleased about this strategically important acquisition, which will further strengthen our position of leadership on the global market, and will also generate cost synergies," says Anders Stigwall, Head of Gunnebo Industrier's Non Skid Business Unit. Gunnebo Industrier AB (publ) Information For further information, please contact: Christer Lenner, President and CEO, Gunnebo Industrier AB, +46 (0)490 89111, +46 (0)705 91 03 05 (mobile) Tor Hansen, CFO, Gunnebo Industrier AB, +46 (0)490 89 279, +46 (0)706 72 88 94 (mobile) Anders Stigwall, Head of Non Skid Business Unit, Gunnebo Industrier AB, +46 (0)490 89 278, +46 (0)706 74 98 81 (mobile) Gunnebo Industrier AB is an international group of industrial companies that is active in 13 countries and has around 50 major distributors/agents worldwide. The group is engaged in the development, manufacture and marketing of chain and lifting components, fastening systems for the building industry, blocks/systems for heavy lifting, non-skid products and telescopic ladders. The business is conducted through three business areas: Fastening, Lifting and Technical Products (which comprises the business units Blocks, Non Skid and Telescopics). Gunnebo Industrier markets well-known products in established market segments, and is market leader in each product and/or market area. The annual consolidated turnover amounts to MSEK 1,600 and the group has around 1,250 employees. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://wpy.waymaker.net/client/waymaker1/f.aspx?id=355204&fn=wkr0010.pdf Gunnebo Industrier acquires Clark Tracks Limited