Alimak Group AB has announced that it aims to launch an initial public offering and list its shares on Nasdaq Stockholm in 2015. The IPO is planned for 2015, subject to current market conditions.
Shares sold by Triton will mainly comprise the IPO and will be offered to qualified institutional investors in Sweden, international investors and the Swedish general public. Nasdaq has agreed the admission of the company’s shares for trading in accordance with certain circumstances: customary conditions, such as the approval of a prospectus by the Swedish Financial Supervisor Authority, and a fulfillment of the distribution requirements in relation to Alimak’s shares.
The company anticipates an increase in its shareholder base and access to the Swedish and international capital markets, as a result of the offering and listing. Current shareholders and Alimaks’ board of directors believe listing the company’s shares is an important move in attempting to expand the company’s market position and increase awareness of Alimak and its products.
Tormod Gunleiksrud, CEO of Alimak, commented: “Through our 67 year long history, we have successfully established Alimak as a widely recognised and preferred brand with a unique insight into our customers’ needs, which has in turn awarded us a strong global market position. Alimak’s international sales and manufacturing platform in both emerging and mature markets provides us with a key competitive advantage. We are seeing significant opportunities ahead in capturing strong growth in the mid-market segment, driving penetration of after sales services in our installed base and continuing to innovate our product portfolio. The IPO will provide us with better access to the capital markets and facilitate our growth strategy through increased brand awareness.”
Edited from Press Release by Harleigh Hobbs
Read the article online at: https://www.worldcement.com/europe-cis/22052015/alimak-launches-an-initial-public-offering-and-list-shares-891/