Lindab's President and CEO, Anders Berg, comments:
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.