Nilfisk-Advance makes new US acquisition


OMX The Nordic Exchange, Copenhagen
Nikolaj Plads 6
DK-1007 Copenhagen K

3 March 2008
Release no. 2

	
Nilfisk-Advance makes new US acquisition

With the acquisition on 1 March 2008 of the American company HydraMaster, a
manufacturer of truck-mounted carpet cleaners, Nilfisk-Advance has strengthened
both its position as a supplier to the professional cleaning market and its
range of indoor cleaning equipment. By agreement with the seller the purchase
price will not be disclosed. 

The addition of HydraMaster, which follows in the wake of last year's
acquisition of the company U.S. Products, is an element in Nilfisk-Advance's
strategy of product and market expansion in North America. 

With the acquisition of HydraMaster, the Nilfisk-Advance Group has strengthened
its focus on carpet and upholstery cleaning, an area in which the company has
now established itself among the dominant equipment suppliers. 

HydraMaster is a 40-year-old private-owned company with a product portfolio
that includes equipment, accessories and articles for the cleaning and
maintenance of carpets, upholstery, and other fabric surfaces. The company has
been especially innovative in developing high quality truck mounted cleaners. 

Established in 1969, HydraMaster subsequently - in 1985 and 1998 - acquired
three other US suppliers of similar equipment, and today employs some 120
people at its headquarters in Mukilteo, Washington. HydraMaster recorded
revenue of 24.2 mUSD (120 mDKK) in 2007 and is a commercially successful
business. 

It is planned to continue developing and marketing the company's products under
the HydraMaster brand, and also to continue manufacturing these products at the
Mukilteo plant. However, coordination will take place at managerial level with
the sister company, U.S. Products, in Idaho. 

Read more about HydraMaster at www.hydramaster.com.

No form of restructuring measures are planned following the acquisition of
HydraMaster, but a number of interesting synergies are expected due to the
harmonisation of activities with U.S. Products. 

The financial expectations linked to the acquisition of HydraMaster will be
included in Nilfisk-Advances/NKT's expectations for 2008, which will be
published in NKT's annual report 2007 on 5 March 2008. 

Nilfisk-Advance is a world leading supplier of professional cleaning equipment.
As a result of a string of acquisitions over the years, Nilfisk-Advance today
commands a very broad range of products marketed under a number of well-known
brand names. In addition to Nilfisk and Advance, these brands include American
Lincoln, Kent, Clarke, American Sanders, Electrolux, Nilfisk-ALTO and
Nilfisk-CFM, plus the recent acquisitions U.S.Products, Viper and now also
HydraMaster. Nilfisk-Advance has close to 5,000 employees and an annual
turnover of around 5.8 bnDKK. The company is headquartered in Brøndby, Denmark,
and has production subsidiaries in Europe, North America and Asia, where the
majority of its 36 sales subsidiaries are located. 

Read more about Nilfisk-Advance at www.nilfisk-advance.com.  

Further particulars are obtainable from the undersigned on telephone no. +45
4348 2000 or CEO Jørgen Jensen, Nilfisk-Advance, on telephone no. +45 4323
8100. 

Yours faithfully
NKT Holding A/S
Thomas Hofman-Bang, CEO
Chairman of the Board of Directors of Nilfisk-Advance A/S