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Press release
2 July 2018, 18:00
Sdiptech acquires Rogaland Industri Automasjon AS
As of today, Sdiptech acquired all shares in Rogaland Industri Automation AS, including 51 percent of the shares in the subsidiary Agder Industri-Automasjon AS (together "RIA").
RIA was founded in 1990 and specializes in automation systems for water and wastewater treatment and extends the Sdiptech Group's offer within the water segment.
RIA's operations consist of the development and installation of customized control and regulating systems for water and sewage plants, and customers are found primarily in municipalities and industry. The company generates annual net revenue of approximately 40 MNOK and an operating profit of approximately 7 MNOK.
Jakob Holm, CEO Sdiptech, comments:
"RIA is a well-managed and stable company with a customer offering that is well in line with Sdiptech's infrastructure strategy. Through RIA, we expand our offering within the water segment and gain access to leading expertise in water automation."
Arild Gundersen, Rogaland Industri Automation AS, comments:
"With a long-term owner like Sdiptech, we can secure the company's continued development and continue working on expanding our operations and further strengthening our customer offering."
Sdiptech AB's ordinary Series B share is traded under the short name SDIP B with ISIN code SE0003756758. Sdiptech AB's preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348. Sdiptech AB's Certified Adviser at Nasdaq First North Stockholm is Erik Penser Bank. Further information is available on the company's website: www.sdiptech.com
For additional information, please contact:
Jakob Holm, CEO, +46 761 61 21 91, jakob.holm@sdiptech.com
Sdiptech AB is a technology group with a primary focus on urban infrastructures. The Group offers deeply niched services and products for both expanding and renovating rapidly growing metropolitan areas. The company is based in Stockholm.
The information was provided by the above contact persons for publication on July 2, 2018, at. 18:00.
