Stockholm, October 19, 2011 — NASDAQ OMX (NASDAQ: NDAQ) announces that the shares of Cavotec SA (ticker symbol: CCC) today start trading on the main market of NASDAQ OMX Stockholm. Cavotec was previously listed on the New Zealand Exchange (NZX) but as of today moves its share listing to NASDAQ OMX Stockholm. Cavotec is a small cap company within the Industrials sector
Cavotec is a global engineering group that enables industries worldwide to improve productivity, safety and sustainability. Cavotec delivers power transmission, distribution and control technologies that form the link between fixed installations, in for example airports, ports and mines, and mobile equipment such as aircraft, ships, mining equipment and cranes.
Mr. Ottonel Popesco, CEO of Cavotec commented, “We view today’s listing on NASDAQ OMX Stockholm as a necessary and natural progression that will enable Cavotec to expand our potential for growth in the years ahead. NASDAQ OMX Stockholm has a particularly strong industrials sector and through a primary listing here we anticipate improving share liquidity and in due course broaden the Group’s Swedish shareholder base.”
Jenny Rosberg, Senior Vice President at NASDAQ OMX, said, “Cavotec is a mature company with operations all over the world, and we look forward to leveraging our global investor reach in order to support their continued success. Cavotec’s move to NASDAQ OMX is a testament to the strong liquidity and investor reach that we can offer, and we welcome other companies to follow their example.”
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.