Stockholm, May 20, 2011 — NASDAQ OMX Group Inc. (NASDAQ:NDAQ) announced that FinnvedenBulten AB (FBAB), a small cap company within the Consumer Discretionary sector, today starts trading of its shares on the main market of NASDAQ OMX Stockholm.
Johan Westman, CEO at FinnvedenBulten commented, “The FinnevedenBulten organization has done an outstanding job in building a company that is now financially and strategically mature and ready for an IPO. Finnveden Bulten has a strong business model and customer-base, and as a publically listed company we now have a platform for continued organic and profitable growth.”
Jenny Rosberg, Senior Vice President at NASDAQ OMX said, “We are pleased to welcome FinnvedenBulten back to our main market, where they will make an interesting investment alternative for both our institutional and private investors. FinnvedenBulten is a company with a long and successful history in the engineering industry, and with a global reach and presence which makes them such an ideal fit for NASDAQ OMX.”
FinnvedenBulten develops and manages industrial businesses, offering products, technical solutions and systems in metallic materials. FinnvedenBulten is structured into two divisions – Finnveden Metal Structures and Bulten – both with strong positions in their respective customer segments. Customers are mainly found in the automotive and engineering industries in Europe, Asia and the US. Finnveden Bulten had net sales of SEK 2.6 billion in 2010. For more information visit: www.finnvedenbulten.com.
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