ASSA ABLOY's sales of Lorentzen & Wettre completed
(Thomson Reuters ONE) -
All conditions for the sales of Lorentzen & Wettre to ABB have been fulfilled
and the transaction was successfully completed on Friday September 30. The
selling price is SEK 750 M on a cash and debt free basis.
Lorentzen & Wettre manufactures and sells process equipment for the pulp and
paper industry, had a turnover of SEK 307 M in 2010 and 188 employees.
"It is very satisfying that the transaction is now concluded and that Lorentzen
& Wettre in ABB gets a long term owner that gives the company an industrial home
and creates opportunities for a continued good development" said Johan Molin,
President and CEO of ASSA ABLOY in a comment.
For more information, please contact:
Johan Molin, President and CEO, tel no: +46 8 506 485 42
Tomas Eliasson, CFO and Executive Vice President, tel no: +46 8 506 485 72
Press release PDF:
http://hugin.info/1014/R/1551454/477848.pdf
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: ASSA ABLOY via Thomson Reuters ONE
[HUG#1551454]
Unternehmensinformation / Kurzprofil:
Datum: 03.10.2011 - 10:01 Uhr
Sprache: Deutsch
News-ID 71599
Anzahl Zeichen: 1564
contact information:
Town:
Stockholm
Kategorie:
Business News
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