Sdiptech AB (publ) acquires Vera Klippan AB

Press release
5 November 2018, 15:00

Sdiptech AB (publ) acquires Vera Klippan AB

As of today, Sdiptech AB acquired all shares in Vera Klippan.

Vera Klippan is a leading producer of heavy-duty fiberglass pipes and cisterns in large dimensions. The company’s products are used for chemicals, water and sewage, as well as chimneys and scrubbers.

Jakob Holm, CEO Sdiptech AB, comment:

“Vera Klippan’s solutions play an important role in several types of infrastructures linked to water, land and air purification. This market is expected to increase in line with stricter environmental regulations and a continued strong focus on environmental and sustainability issues. We work structured to have a clear place in this market development towards more sustainable communities, and the acquisition of Vera Klippan is another step in that direction.”

Lars Gustafsson, CEO Vera Klippan AB, comment:

”With the help of a long-term owner like Sdiptech, we can continue to strengthen our customer offering and secure the company’s continued development and expansion. We also see exciting cooperation opportunities with other companies within the Sdiptech Group.”

For further information, please contact:

Jakob Holm, VD, +46 761 61 21 91, jakob.holm@sdiptech.com

Bengt Lejdström, CFO, +46 702 74 22 00, bengt.lejdstrom@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.

Sdiptech's common share of 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  

The information was provided by the above contact persons for publication 5 November 2018 at 15:00 CET.

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