OEM Automatic in Norway expands its product range with industrial pumps by
taking over business from Lasa Maskin AS

OEM Automatic AS in Norway, part of OEM International, has settled an agreement
with Lasa Maskin AS and will be taking over their business with start from 1/9

Lasa Maskin AS has a yearly turnover of about 10 MSEK. The takeover will expand
the product range of OEM Automatic with the addition of pumps for marine and
industrial applications. Pumps has since earlier been a prioritized segment for
the OEM Group and the takeover will have significant synergy effects with
efforts within the same segment in Sweden. The products are delivered by
ITT/Jabsco, a world leader on high quality pumps for marine and industrial

The takeover is not expected to have any effect on the result of the Group
during the current year.

For further information, you are welcome to contact;

Jens Kjellsson, Business Director Norway, tel +46 (0)75 24 24 193
Geir Solberg, CEO OEM Automatic in Norway, tel +47 (0)32 210 510

OEM is one of Europe's leading industrial trading companies in industrial
components and systems and consists of 26 operating units in 13 countries with a
total of some 600 employees. For furhter information - visit www.oem.se