OEM International AB acquires OK Kaapelit OY

OEM International AB acquires OK Kaapelit OY

OEM International is acquiring, through its subsidiaries OEM Finland Oy,
all the shares in OK Kaapelit Oy in Åbo, Finland, with possessions from
03-11-2008.
OK Kaapelit markets cable for industrial use. The company approximately has a
turnover
of 30 MSEK with approximately a profit of 5 MSEK.

With this acquisition OEM Finland will strengthen its position within cable for
industrial
use, while also providing potential for broadening the geographical bas of
market for industrial cable 

The acquisition cost amounts to M€ 1.28, plus a maximum additional purchase sum
of M€ 0.6.

The acquisition is not expected to have any impact on the group's profit for the
current year.


For further information, please contact:
Jörgen Zahlin, Chief Executive Officer of OEM International AB, tel. +46 (0)75 
- 242 40 22. 
Patrick Nyström, MD OEM Automatic OY, tel +358 403 412 412.


OEM International, with its head office in Tranås, Sweden, comprises 26
operational units in
11 countries. The group trades in industrial components and systems for
industrial automation.
In simple terms, OEM acts as an alternative for manufacturers to selling through
their own companies.
OEM therefore has marketing and sales responsibility for the products the
company deals in.
Visit our website - www.oem.se