Lindab has today entered an agreement to acquire Bjarne Systems AB, a leading European manufacturer of fastening systems for standing seam roofing for different types of roof construction.
Lindab's President and CEO, Anders Berg, commented:
"We strive to offer the best solutions for simplifying the installer's working day, both in terms of better working environment and increased efficiency. Bjarnes System have the most innovative fasteners for standing seam roofing on the market. Through this acquisition we create opportunities for continued development of the important Nordic tinsmith market, as well as opening up for new opportunities in other European markets."
Bjarnes System AB is based in Södertälje, Sweden, has an annual turnover of around SEK 12 million and no employees apart from the founder who will be employed by Lindab.
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| The information here is that which Lindab International AB has willingly chosen to make public or that which it is obliged to make public according to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. |
Contacts:
LINDAB
Anders Berg, CEO
Email: anders.berg@lindab.com
Mobile: +46 (0) 70 35 89155
Per Nilsson, CFO
Email: per.nilsson@lindab.com
Mobile: +46 (0)70 33 85069
Lindab - A Ventilation and Building Products company:
Lindab develops, manufactures, markets and distributes products and system solutions primarily in steel for simplified construction and improved indoor climate.
The products are characterised by their high quality, ease of assembly, energy efficiency, consideration towards the environment, and are delivered with high levels of service. Altogether, this increases customer value.
The Group had sales revenue of SEK 6,523 m in 2013 and is established in 32 countries with approximately 4,400 employees. The main market is non-residential construction, which accounts for 80 percent of sales, while residential accounts for 20 percent of sales.During 2013, the Nordic market accounted for 46 percent, the CEE/CIS (Central and Eastern Europe plus other former Soviet states) for 24 percent, Western Europe for 27 percent and other markets for 3 percent of total sales.
The share is listed on the Nasdaq OMX Nordic Exchange, Stockholm, Mid Cap. For more information visit www.lindabgroup.com
