Stockholm, June 17, 2015 — Nasdaq (Nasdaq: NDAQ) announced that Alimak Group AB (short name: ALIG), a Mid Cap company within the industrials sector, has started trading of its shares on the main market of Nasdaq Stockholm. Alimak Group AB (“Alimak”) is the 52nd company to list at Nasdaq’s Nordic markets* in 2015.
Alimak is a global market leader and pioneer in designing, developing, manufacturing, distributing and servicing industrial rack-and-pinion vertical access solutions. The Company provides high quality hoists, elevators and platforms primarily for the industrial and construction sectors. Alimak has a global sales, services and distribution platform across more than 50 countries and strong market positions. The Company has a well-established and resilient After Sales business and its large global installed base of ca. 21,000 units provides unique know-how into its customers’ needs. Alimak was founded in 1948, is headquartered in Stockholm and employs over 1,100 people across the world. The Company had revenues of SEK 1.7 billion in 2014. For more information please visit: www.alimakgroup.com.
“We are very happy and proud of the significant interest shown in the company from institutional investors and from the general public,” said Tormod Gunleiksrud, CEO of Alimak. “The large demand from high quality investors in both Sweden and internationally is a confirmation of Alimak’s development until today as well as our strategy going forward. We are very much looking forward to running Alimak as a listed company.”
“We welcome Alimak Group to our main market and to our world leading Nordic industrials sector,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “We look forward to supporting Alimak Group in benefiting from the increased investor visibility that comes with a main market listing.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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