On July 22, 2008 Segulah Stellata Holding AB (owned by Segulah III, L.P. and Segulah IV, L.P.) announced a recommended cash offer to the shareholders of Gunnebo Industrier AB (publ).
The Offer has been accepted by the shareholders representing approximately 8,5 million shares representing more than 97 percent of capital and votes in Gunnebo Industrier.
Segulah Stellata has obtained all necessary regulatory and governmental approvals for the acquisition of Gunnebo Industrier.
All conditions for the Offer to the shareholders in Gunnebo Industrier have hence been met and Segulah Stellata has decided to complete the Offer.
Gunnebo Industrier is an international industrial group with companies active in 16 countries and with revenue of MEUR 260. The Gunnebo Industrier group has around 50 major distributors/agents worldwide. The group is engaged in the development, manufacturing and marketing of chain and lifting components, fastening systems for the building industry, blocks/systems for heavy lifting, traction products and telescopic ladders. The business is conducted through the three business areas Fastening, Lifting and Technical Products (the latter which comprises the Blocks, Telescopics, and Traction Systems business units). Gunnebo Industrier markets well-known products in established segments, and is a market leader in each product and/or market area.
For further information on Gunnebo Industrier, please refer to www.gunneboindustrier.com.