Brief: Lindab Acquires Alig Ventilation With Focus On Residential Ventilation In Sweden

Lindab International AB

09/12/2021 09:57

Dec 9 (Reuters) - Lindab International AB  LIAB.ST :
    * LINDAB ACQUIRES ALIG VENTILATION WITH FOCUS ON RESIDENTIAL
VENTILATION IN SWEDEN
    * WITH ACQUISITION OF ALIG VENTILATION AB, OFFERING IS
EXTENDED
WITH PRODUCTS AND EXPERTISE FOR VENTILATION IN SMALLER
RESIDENTIAL BUILDINGS
    * CLOSING OF TRANSACTION IS EXPECTED IN JANUARY.
    * WITH ACQUISITION, LINDAB WILL GET ACCESS TO INCREASED
EXPERTISE
FOR VENTILATION OF SINGLE RESIDENTIAL HOUSES AND OTHER SMALLER
PROPERTIES
    * IN ADDITION, ACQUISITION PROVIDES ESTABLISHED
RELATIONSHIPS WITH
SWEDISH MANUFACTURERS OF SINGLE-FAMILY HOMES AND A DIRECT SALES
CHANNEL TO CONSUMERS
    * ALIG VENTILATION HAS ANNUAL SALES OF APPROXIMATELY SEK 65
MILLION AND AN OPERATING MARGIN THAT IS HIGHER THAN LINDAB'S
OPERATING MARGIN.

Source text for Eikon:  ID:nWkr7Zdyfr 
Further company coverage:  LIAB.ST 

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