OEM International acquires Nexa Trading AB

OEM International has today acquired all shares in Nexa Trading AB. Nexa, with head office in Gothenburg, market products mainly in the Nordic countries for wireless control of lighting as well as products for security in private homes. The company had a turnover of approximately 52 MSEK in 2013.

-      Thanks to this acquisition we enter two new market segments. Wireless control fits in many ways to our current position within lighting, while security products are a brand new area for us. The company has a strong range of products and a well-established brand, says Jörgen Zahlin, Managing Director and CEO for OEM International.

The purchase sum amounts to approximately 25 MSEK, plus an additional purchase sum based on the business development during three years. The acquisition is expected to have a marginal positive 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 27th January 2014 at 11.00 CET.

Tranås, 27th January 2014

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 29 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

---