Stockholm, October 10, 2014 — Nasdaq (Nasdaq: NDAQ) announced that Gränges AB (short name: GRNG), a Mid Cap company within the Consumer Goods sector, has started trading of its shares on the main market of Nasdaq Stockholm. Gränges is, including switches, the 20th company to list at Nasdaq’s Nordic main markets in 2014 (Nasdaq Stockholm; Helsinki; Copenhagen; and Iceland).
Gränges is a leading global supplier of rolled products for brazed aluminium heat exchangers used primarily in automotive applications. Gränges’ vision is to help create smaller, lighter and more designable heat exchangers to increase economic efficiency and reduce environmental impact. Gränges operates through three geographical regions: Europe, Asia and Americas with production, research and development in Finspång, Sweden, and Shanghai, China. For more information, visit www.granges.com.
“The listing of Gränges is a natural step for the company following our separation from Sapa in 2013,” said Johan Menckel, CEO at Gränges. “We have a leading global market position in our niche and will benefit from the underlying growth in our market. Furthermore, Gränges has a production platform that will enable growth with high operational efficiency and the management team looks forward to continuing to create value for both existing and new shareholders.”
”We are excited to have Gränges back as a listed company and welcome them to Nasdaq Stockholm where we continue to see a strong inflow of new companies,” said Adam Kostyal, Senior Vice President at Nasdaq. “Gränges will make a valuable addition to our consumer sector and we look forward supporting them with the investor exposure that comes with being a main market company.”
To view a CEO interview from the listing ceremony, click here.
About Nasdaq Group
Nasdaq (Nasdaq: NDAQ) is a leading provider of trading, exchange technology, information and public company services across six continents. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 70 marketplaces in 50 countries, and 1 in 10 of the world's securities transactions. Nasdaq is home to more than 3,400 listed companies with a market value of over $8.5 trillion and more than 10,000 corporate clients. To learn more, visit www.nasdaq.com.
Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland, Nasdaq Riga, Nasdaq Stockholm, Nasdaq Tallin, Nasdaq Vilnius, Nasdaq Clearing and Nasdaq Broker Services are respectively brand names for Nasdaq OMX Copenhagen A/S, Nasdaq OMX Helsinki Ltd., Nasdaq OMX Iceland hf., Nasdaq OMX Riga AS, Nasdaq OMX Stockholm AB, Nasdaq OMX Tallin AS, Nasdaq OMX Vilnius, Nasdaq OMX Clearing AB, Nasdaq OMX Broker Services AB. Nasdaq Nordic represents the common offering by Nasdaq Copenhagen, Nasdaq Helsinki, Nasdaq Iceland and Nasdaq Stockholm.
Cautionary Note Regarding Forward-Looking Statements
Information set forth in this communication contains forward-looking statements that involve a number of risks and uncertainties. Nasdaq cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Such forward-looking statements include, but are not limited to, statements about our capital return initiatives. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Nasdaq’s control. These factors include, but are not limited to, Nasdaq’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk, U.S. and global competition, and other factors detailed in Nasdaq’s filings with the U.S. Securities and Exchange Commission, including its annual reports on Form 10-K and quarterly reports on Form 10-Q. Nasdaq undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise.
Media Relations Contact:
+46 (0) 8 405 6639
Nasdaq Press Center
Read the latest press releases, request a press kit, and get in touch with our press team.