Nederman Holding AB has today signed an agreement to sell all shares in Dantherm Filtration Oy to Indutrade Oy.
Indutrade’s subsidiary Tecalemit Oy has distributed Nederman’s products in Finland during 27 years and has a strong market position. Dantherm Filtration provides products and solutions that complement Nederman in strategically important areas and the purchase of Dantherm Filtration Oy gives Tecalemit the opportunity to bring a broader range of products to the Finnish market.
Sven Kristensson, President and CEO for Nederman comments the agreement: ”The Indutrade subsidiary Tecalemit has been a successful distributor of Nederman products for many years and has achieved a leading market position in Finland. This transaction further strengthens Nederman’s and Indutrade’s mutual competitiveness on the Finnish market.”
Dantherm Filtration Oy has 12 employees and a yearly turnover of about 3 MEUR. The agreement will be signed January 3 2011 and will generate a small capital gain that will be reported during the first quarter 2011.
This business transaction is a part of Nederman’s ongoing analysis of its businesses and operational structure, following the acquisition of Dantherm Filtration.
For further information please contact:
Sven Kristensson, President and CEO, Nederman
Phone: +46 (0)42 18 87 00
Curt Kock, CEO, Indutrade Oy
Phone: +358 29006100
Facts about Nederman
Nederman is one of the world's leading companies supplying products and services in the environmental technology sector. The company's products and systems are contributing to the creation of clean and safe working environments focusing on clean air, recycling and environmentally friendly transport management.
Nederman's offering on the market encompasses everything from the design stage through to installation, commissioning and servicing. Sales and marketing are carried out via subsidiaries in 27 countries as well as agents and distributors in over 30 countries. Nederman develops and produces in its own manufacturing and assembly units in 8 countries. In April 2010, Dantherm Filtration, with its primary focus on industrial air filtration, was acquired.
The Group was floated in 2007 on OMX Small Cap list; it has circa 1500 employees and a turnover of circa 2 billion SEK.