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Nederman's expansion continues with establishment in South America

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PRESSRELEASE Helsingborg May 28, 2007

Nederman Holding AB (publ), on Stockholm Stock Exchange, is establishing a bridge-head in South America by acquiring the Brazilian company AtSource Exaustao Localizada Ltda., with a turnover of approximately SEK 6 million. The company is specialized in environmentally friendly systems for extraction and filtration of dust, gases, smoke, exhaust fumes and other particles. End-users of Nederman products and systems are found in a variety of industrial sectors.

AtSource Exaustao Localizada, which, after take-over, will change name to Nederman do Brasil Comércio de Produtos de Exaustao Ltda, will be the base for Nederman in South America and the regional office for establishing a distribution network.

Nederman has previously good relations with important European companies in Brazil, such as Volkswagen where several installations have been done at their production units in Brazil.

”After several years with distributors in South America we are now prepared to establish our own organization in the South American market. By the acquisition of AtSource Exaustao Localizada we have a good platform for further expansion, says Sven Kristensson, CEO Nederman.

Nederman pays 450 000 Euro for the company. The acquisition will have a marginal effect on the result for 2007.

Nederman are the global, leading provider of environmentally friendly products, systems and services to all types of industry sectors, such as extraction of dust, smoke, automobile exhaust fumes, and equipment for industrial cleaning. These are based on a vacuum technology which encompasses the entire range from high vacuum to middle and low vacuum. Nederman also has an extensive programme of hose and self-retractable cable reels for water, air, oil and other media.
Nederman’s systems contribute in several ways to creating clean, efficient and safe workplaces all over the world.
The company’s commitments to customers encompass everything from preliminary studies and project planning to installation, operational start-up and service.
The manufacturing is certified according to ISO 9001 and ISO 14000. Units for production and assembly are located in Sweden, Norway and Canada.
Nederman’s products and systems are marketed by our own subsidiaries in 24 countries, and by agents and distributors in more than 50 countries. The Group has approximately 540 employees.

For more information:
Sven Kristensson, CEO, Nederman.
Tel +46 42 188700, e-mail: sven.kristensson@nederman.se
or Anders Agering, CFO Nederman.
Tel. +46 42 188700, e-mail: anders.agering@nederman.se 

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