Two Danish subsidiaries of OEM International merge

Two Danish subsidiaries of OEM International merge 

Today, November 2, OEM Automatic A/S and Klitsø Processtechnic A/S merge to form
OEM Automatic Klitsø A/S. The new company is one of the largest suppliers of
components for industrial automation and processing technique in Denmark. The
merger is one step in creating a stronger platform for future market penetration
and product range development as well as taking advantage of collaborative
effects.  

The company will have a turnover of approximately 70 million DKK and 29
co-workers. OEM Automatic Klitsø A/S will be a representative of 80 leading
suppliers and have over 2,200 customers. Headquarters will be situated in
Allerød, outside Copenhagen. The merger is not expected to have any effects on
the Group's result of the incumbent year.

For further information, contact:
Jens Kjellsson, Director for business activities in Denmark, tel +46 (0)75 24 24
193
Finn Alsing, Md. of OEM Automatic Klitsø A/S, tel +45 70 15 05 25



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