press center press release

NASDAQ OMX welcomes Concentric to the main market

Published

Stockholm, June 16, 2011 – NASDAQ OMX (NASDAQ:NDAQ) announced that Concentric AB (short name: COIC), a mid cap company within the Industrials sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm. Concentric AB is the former Hydraulics Division of Haldex AB (short name: HLDX) and as of today a separately listed company.

Concentric produces and sells a range of products based on its core technical competence in pumps, to OEMs (Original Equipment Manufacturers). The main products are oil pumps, water pumps, fuel transfer pumps and hydraulic pumps. Concentric’s solutions allow its global customers to achieve goals on fuel economy, emissions reduction and noise control. For more information visit: www.concentricab.com.

Concentric’s CEO Mr. Ian Dugan, said: We will use our market leading positions in both diesel engines and hydraulic pumps to take full advantage of the strong underlying market growth and increasingly stringent environmental demands. At the same time we will continue to maintain a competitive cost structure and maximize operational leverage to drive profit margin and cash conversion. As a publically listed company we will have a direct link to the shareholders who support our business."

Jenny Rosberg, Senior Vice President at NASDAQ OMX said: "Concentric is a global leader in its field and will make a valuable addition to our world-leading portfolio of industrial companies. Now we look forward to supporting Concentric with the liquidity and investor visibility advantages that come with a main market listing at NASDAQ OMX.

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About NASDAQ OMX

The NASDAQ OMX Group, Inc. is the world's largest exchange company. It delivers trading, exchange technology and public company services across six continents, with approximately 3,600 listed companies. NASDAQ OMX offers multiple capital raising solutions to companies around the globe, including its U.S. listings market, NASDAQ OMX Nordic, NASDAQ OMX Baltic, NASDAQ OMX First North, and the U.S. 144A sector. The company offers trading across multiple asset classes including equities, derivatives, debt, commodities, structured products and exchange-traded funds. NASDAQ OMX technology supports the operations of over 70 exchanges, clearing organizations and central securities depositories in more than 50 countries.  NASDAQ OMX Nordic and NASDAQ OMX Baltic are not legal entities but describe the common offering from NASDAQ OMX exchanges in Helsinki, Copenhagen, Stockholm, Iceland, Tallinn, Riga, and Vilnius. For more information about NASDAQ OMX, visit http://www.nasdaqomx.com. Please follow NASDAQ OMX on Facebook (http://www.facebook.com/nasdaqomx) and Twitter (http://www.twitter.com/nasdaqomx).

 

 Cautionary Note Regarding Forward-Looking Statements

The matters described herein contain forward-looking statements that are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements about NASDAQ OMX's products and offerings. We caution that these statements are not guarantees of future performance. Actual results may differ materially from those expressed or implied in the forward-looking statements. Forward-looking statements involve a number of risks, uncertainties or other factors beyond NASDAQ OMX's control. These factors include, but are not limited to factors detailed in NASDAQ OMX's annual report on Form 10-K, and periodic reports filed with the U.S. Securities and Exchange Commission. We undertake no obligation to release any revisions to any forward-looking statements.

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Media contacts:

Martin Hedensiö

+46 8 405 62 54

martin.hedensio@nasdaqomx.com

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