As previously announced, Dantherm launched a process in early 2010 aimed at
focusing the group's activities. In continuation of this process, the operating
activities in the partly owned subsidiary T&O Stelectric A/S have today been
sold to a consortium consisting of Styromatic A/S and EKTOS A/S.
The sale comprises all activities and operating activities in T&O Stelectric
A/S, but not the company's premises in Randers, Denmark. Once the sale has been
finalised, the production activities will be carried on in Styromatic A/S,
while the development activities will be carried on in EKTOS A/S. The buyers
will gradually move the activities to its own existing premises in Aarhus and
Aalborg, Denmark.
Styromatic A/S and EKTOS A/S are strong future partners for the activities for
the suppliers and customers - including In addition to their activities in
Denmark, Styromatic A/S and EKTOS A/S also have production facilities in
Thailand and Ukraine.
In connection with the sale, Stelectric A/S acquired a 40% share from Thoustrup
& Overgaard A/S, with the effect that Stelectric A/S now owns all the shares in
the remaining property company. Dantherm owns 67% of the shares in Stelectric
A/S, while the privately owned Stelectric Holding ApS owns the remaining
shareholding.
The divestment has no bearing on Dantherm's previously announced outlook for
revenue and results for 2010.
Any enquiries concerning this announcement can be directed to President & CEO
Torben Duer on tel. +45 99 14 90 14.
In case of doubt the Danish version of this announcement is applicable
