Dantherm A/S has today signed an agreement to sell all shares in Glenco A/S and its subsidiaries Venair A/S and AB Venair. The companies constitute all the Dantherm Group's activities in the business segment Comfort Ventilation & Technique. The purchaser is a consortium consisting of executive employees of Glenco A/S and Industri Udvikling II K/S. The divestment is a consequence of the Dantherm Group's strategic plan to focus on industrial air filtration activities. The Group's other two business segments, Products for Air Handling and Process Ventilation are global industrial enterprises with their own product portfolios within industrial air filtration. The Comfort Ventilation & Technique activities comprise contracting and service activities, primarily in the Danish market. The selling price of the activities corresponds approximately to the carrying amount including goodwill in Dantherm A/S. The agreed takeover date is 1 October 2007. The agreement is unconditional and no further investigation of the companies by the purchaser is pending. Dantherm A/S assumes no guarantees or indemnities after the completion of the sale. The divestment of the Comfort Ventilation & Technique segment does not affect the Dantherm Group's profit forecast for the year. The profit before tax is thus expected to be within the range stated in the interim report for Dantherm A/S released on 22 August 2007.
Divestment of the business segment Comfort Ventilation & Technique
| Source: Dansk Industri Invest A/S