OEM International AB acquires Elektro Elco AB

OEM International AB acquires Elektro Elco AB

OEM International is acquiring all the shares in Elektro Elco AB in Bankeryd,
Sweden with 
possession from 17-11-2008. Elektro Elco AB markets lighting products and
material for 
electrical installations. Their own brand “Hide-a-lite” and the agency Legrand
are the 
most familiar. The company, which has 35 employees, is expected to have a
turnover of around
MSEK 100 in 2008. In 2007, the company had a turnover of MSEK 92, with a profit
before tax of MSEK 9.

Hide-a-lite is the market leader within modern interior lighting and is well
established among electricians.
This acquisition will strengthen OEM's position on the installation market,
while also providing the potential
for broadening the geographical base of market canvassing with Elektro Elco's
product range. 

The acquisition cost amounts to MSEK 62 plus a maximum additional purchase sum
of MSEK 10.

The acquisition is not expected to have any impact on the group'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 13 October 2008 at
08.00 Swedish time.


For further information, please contact:
Jörgen Zahlin, Chief Executive Officer of OEM International AB, tel. +46 (0)75-
24 24 022. 
Mikael Thörnkvist, CEO of OEM Automatic, tel. +46 (0)75- 24 24 020


OEM International, with its head office in Tranås, Sweden, comprises 25
operational units in 11 countries. 
The group trades in industrial components and systems for industrial automation.
In simple terms, OEM acts
as an alternative for manufacturers to selling through their own companies. OEM
therefore has marketing and
sales responsibility for the products the company deals in. Visit our website -
www.oem.se