M&A Activity • Nov 30, 2012
M&A Activity
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Press release 2012-11-30
OEM Internationals subsidiary in Great Britain, OEM Automatic Ltd, has today signed an agreement to acquire British Datasensor Uk Ltd with possession from 1 st of December 2012. The company has an annual turnover of approximately 1,5 MGBP and markets sensors from Italian Datalogic in Great Britain. The acquisition will strengthen OEM Automatic's product range and create conditions for continuous growth.
Datasensor Uk Ltd will be fully integrated with OEM Automatic in Great Britain during 2013. The purchase sum amounts to approximately 1 MGBP plus an additional purchase sum based on the business development 2013. The acquisition is expected to have a marginal 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 30th November 2012 at 13:00 CET.
Tranås, 30th November 2012
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.
OEM International, with its head office in Tranås, Sweden, comprises 28 operational units in 14 countries. The group trades in industrial components and systems for industrial automation. In simple terms, OEM acts as an alternative for manufacturers to selling through their own companies.
Visit our website – www.oem.se
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