Lindab has today entered an agreement to acquire MP3 S.r.l., a leading
manufacturer of indoor climate solutions, with specialist competence within fire
and smoke protection. The acquisition is in line with Lindab's ambition to
strengthen its position as a complete provider of ventilation solutions and to
increase market coverage.
MP3 is located in Padua in Northern Italy, has a turnover of approximately SEK
210 million annually with an operating profit, EBIT, of around SEK 20 million
and has 95 employees. Half of the sales are made in Italy and half for export,
mainly within Europe.
Lindab's President and CEO, Anders Berg, commented:
"This is a strategically important acquisition that complements and enhances our
offering within ventilation solutions while we are strengthening our market
position.
Lindab is a leader in circular duct systems, through the acquisition of MP3 we
add excellence in fire dampers, as well as a wide range of EU-certified
products, giving us competitive advantage. For our customers this means even
greater confidence in choosing Lindab as their complete supplier of indoor
climate solutions that meet the highest standards of energy efficiency and fire
safety.
In addition, MP3 adds strong customer relationships in new markets, notably in
southern Europe."
MP3 will be integrated into Lindab's operations, generating synergies, primarily
within sales, but also on the cost side. The acquisition is expected to make
positive contributions to Lindab's business already in 2015.
The completion of the transaction is subject to closing conditions and is
expected to take place in mid-January 2015.
