Closing concerning Dantherm's divestment of its Filtration activities to
Nederman Holding AB has been completed as planned.
As announced earlier, the transfer comprises the consolidated enterprise
Dantherm Filtration Holding A/S with subsidiaries except for the French
subsidiary Dantherm Filtration SAS. In 2009, the divested activities posted
revenue of DKK 731.4m (EUR 98.2m) and the average number of employees was 908,
cf. company announcement no. 2/2010 of 26 March 2010.
The sales price of Dantherm Filtration Holding A/S on a debt-free basis is DKK
280m. From the divestment, Dantherm A/S realises proceeds in 2010 in the range
of DKK 10-20m.
The divestment of the Filtration activities is an element in Dantherm's
business strategy for 2010 onwards, which focuses on realising the growth
potential of the continuing activities, which comprise two business areas, heat
management systems for the telecom industry and HVAC (Heating, Ventilation, Air
Conditioning). The main elements in the strategy are:
• increasing the group's market share within heat management systems for global
network suppliers within the telecom industry
• boosting sales efforts within heat management systems for local network
operators within the telecom sector in Europe, the USA and Asia
• increasing market share within selected HVAC segments in Europe
• optimising the value chain (supply chain) within both business areas
As announced earlier, the Dantherm group expects to realise revenue in 2010 of
approx. DKK 500m and an operating profit (EBIT) based on a slightly growing
market. The divestment of the Filtration activities has already been
incorporated into this outlook.
Any enquiries concerning this announcement can be directed to President & CEO
Torben Duer on tel. +45 99 14 90 14.
