Sdiptech AB (publ) acquires e-l-m Kragelund A/S in Denmark & More News Here

Press launch
1 June 2022, 16:00

Sdiptech acquires e-l-m Kragelund A/S in Denmark

Sdiptech AB (publ) has purchased 80 % of the shares in e-l-m Kragelund A/S, specialising in niched forklift attachments. E-l-m Kragelund A/S is Sdiptech’s first acquisition in Denmark.

E-l-m Kragelund A/S (“ELM”) develops and manufactures progressive attachments for forklifts. Customers are forklift producers and distributors throughout Europe and the US, focusing on the transportation, logistics and warehousing trade. ELM is understood in the marketplace for top quality and for product innovation contributing to extra environment friendly and secure items dealing with. ELM is headquartered in Kragelund, close to Horsens, Denmark, and has an working revenue of approx. DKK 32m.

“The underlying market for efficient material handling solutions is steadily growing and is driven by increasing e-commerce and global trade. ELM’s high-quality products put them in a good position to take advantage of the underlying growth. We look forward to developing the business further together with the talented team at ELM”, says Anders Mattson, Head of Special Infraconstruction Solutions at Sdiptech.

“ELM focuses on integrated attachments, that has longer lifetime, higher load capacity and provide both better visibility and flexibility for the forklift driver compared to standard attachments. This ultimately leads to safety and efficiency in the workplace, as the driver can operate with better sight and in a more flexible way. We are very happy to become part of Sdiptech, which as a long-term owner offers us additional resources and expertise to further develop our product range and services.”, says Olav Bröchner, Owner and CEO at ELM.

E-l-m Kragelund A/S is Sdiptech’s first acquisition in Denmark and might be included in the enterprise space Special Infrastructure Solutions as of June 2022. More details about ELM is on the market on the corporate’s web site: https://e-l-m.com/en/

For further info, please contact:

Jakob Holm, CEO, +46 761 61 21 91, [email protected]   
Bengt Lejdström, CFO, +46 702 74 22 00, [email protected]  

The info was offered by the above contact individuals for publication 1 June 2022 at 16: CEST.

Sdiptech’s widespread shares of collection B are traded on Nasdaq Stockholm beneath the quick identify SDIP B with ISIN code SE0003756758. Sdiptech’s most well-liked shares are traded beneath the quick identify SDIP PREF with ISIN code SE0006758348.
Further info is on the market on the corporate’s web site: www.sdiptech.com

Sdiptech is a expertise group that acquires and develops market-leading area of interest operations that contribute to creating extra sustainable, environment friendly and secure societies. Sdiptech has roughly SEK 3,000 million in gross sales and relies in Stockholm.

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