Nordic Business Report-August 15, 2006-Atle Industri sells Pressmaster to Albin Invest
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
Swedish business developer Atle Industri said on Tuesday (15 August) that it has agreed to sell its wholly-owned company Pressmaster to the privately-owned investment company Albin Invest.
The SEK45m deal will result in a gain of SEK21m to Atle Industri.
Pressmaster develops professional crimping and cable termination tools. The company reported a turnover of SEK79m in 2005.
Atle Industri is jointly owned by the private equity investors Ratos and 3i.
One Swedish krona (SEK) is worth approximately 0.07 British pounds (GBP).
((Comments on this story may be sent to email@example.com))