Stockholm, March 16, 2016 — Nasdaq (Nasdaq: NDAQ) announced that GARO AB (short name: GARO), a small cap company within the industrial sector, has started trading of its shares on the main market of Nasdaq Stockholm. GARO is the 7th company to list at Nasdaq’s Nordic markets* in 2016.
Founded in 1939, GARO is a manufacturing company offering a wide range of products for the electrical installations market. Operations are conducted in Sweden, Norway, Finland, Ireland and Poland, and the Group is organized in two business units: GARO Sweden and GARO other markets. Headquartered in Gnosjö, Sweden, GARO and its subsidiaries currently employ around 260 people. For more information, please visit www.garo.se.
“We welcome our new shareholders and are very positive about the growth opportunities that the listing of the company will enable,” said Stefan Jonsson, CEO of GARO AB. “Members of the management team and the Board of directors look forward to continue our journey as a listed company and continue to create value for both existing and new shareholders.”
“We welcome GARO to the Nasdaq Stockholm main market,” said Adam Kostyál, senior vice president and head of European listings at Nasdaq. “GARO joins our strong and vibrant industrial sector, and we look forward to supporting them in their continued journey as a publicly traded company.”
*Main markets and Nasdaq First North at Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
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