Regulatory News: 3A Byggdelen, which was part of the acquisition of Christiania
Spigerverk A/S in Norway in 2007, sells equipment and hand tools to
builders in the Stockholm area. Because the business is relatively
small and competes with some of Gunnebo Industrier's (STO:GIAB)
customers, management and the Board believe that divestment of the
Subsidiary is strategically correct. With five employees, the
Subsidiary reported sales of SEK 15.6 million in 2007.
Gunnebo Industrier AB is an international group of industrial
companies that is active in 15 countries and has around 50 major
distributors/agents worldwide. The group is engaged in the
development, manufacture and marketing of chain and lifting
components, fastening systems for the building industry,
blocks/systems for heavy lifting, traction products and telescopic
ladders. The business is conducted through the Fastening, Lifting and
Technical Products (which comprises the Blocks, Telescopics, and
Traction Systems business units) business areas. Gunnebo Industrier
markets well-known products in established segments, and leads in each
product and/or market area. Annual turnover amount to about SEK 2.1
billion and the group has 1,530 employees. For more information, see
www.gunneboindustries.com This information was brought to you by Cision
http://newsroom.cision.com
Regulatory News:
3A Byggdelen, which was part of the acquisition of Christiania
Spigerverk A/S in Norway in 2007, sells equipment and hand tools to
builders in the Stockholm area. Because the business is relatively small
and competes with some of Gunnebo Industrier's (STO:GIAB) customers,
management and the Board believe that divestment of the Subsidiary is
strategically correct. With five employees, the Subsidiary reported
sales of SEK 15.6 million in 2007.
Gunnebo Industrier AB is an international group of industrial
companies that is active in 15 countries and has around 50 major
distributors/agents worldwide. The group is engaged in the development,
manufacture and marketing of chain and lifting components, fastening
systems for the building industry, blocks/systems for heavy lifting,
traction products and telescopic ladders. The business is conducted
through the Fastening, Lifting and Technical Products (which comprises
the Blocks, Telescopics, and Traction Systems business units) business
areas. Gunnebo Industrier markets well-known products in established
segments, and leads in each product and/or market area. Annual turnover
amount to about SEK 2.1 billion and the group has 1,530 employees. For
more information, see www.gunneboindustries.com
This information was brought to you by Cision http://newsroom.cision.com
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