OEM International acquires All Motion Technology

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)

For further information, please contact:
Jörgen Zahlin, managing director and CEO for OEM International, phone
number +46(75)-242 40 22.