Investment AB Latour (publ) has, through its subsidiary Specma Seals AB, signed an agreement to acquire the Norwegian company All Sealing Solutions AS from the company’s founders and employees. The company is based in Sandnes, close to Stavanger in Norway, and a leading supplier of packing and gaskets, primarily to the oil and gas industry. The estimated revenue for 2015 is SEK 27 million and the company has 15 employees.
”All Sealing Solutions is a strong complement to Specma Seals, both geographically and industrially. Through the acquisition, we get a good position in the Norwegian market for packings and gaskets, but also an increased presence in the upstream segment, which entails exploration and production of oil and gas”, says Krister Seleskog, CEO for Specma Seals.
”We are confident in the future together with Specma Seals, and believe that the two companies together will be an even more attractive supplier through the wide assortment and deep application know-how”, says John Egil Ditlefsen, CEO of All Sealing Solutions.
Göteborg, January 15, 2016
INVESTMENT AB LATOUR (PUBL)
Jan Svensson
CEO
For further information, please contact:
Krister Seleskog, CEO, Specma Seals AB, +46 70 210 21 40
Pär Arvidsson, Director of Business Development, Investment AB Latour, +46 70 324 72 53
Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 36 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 7.6 billion in 2014.