Lindab acquires French ventilation wholesaler Acomat
Lindab supplements its operations in France and acquires the ventilation wholesaler Acomat International. The acquisition gives Lindab a stronger position on the French market and access to new customer segments.
Acomat International SAS is a wholesaler of ventilation products with a focus on flexible duct systems and accessories for the French market.
"With the acquisition of Acomat, we gain access to new customer segments such as manufacturers in the ventilation industry and distributors that are not only focused on ventilation", says Ola Ringdahl, President and CEO of Lindab. "There are also opportunities for synergies with Lindab's existing business. In addition, we are pleased that Fabrice Ponzio, with his long experience and good network of contacts, will continue as managing director of the company as part of Lindab."
The company is based in Aubergenville west of Paris and has an annual turnover of approximately 80 MSEK. The operating margin is in line with Lindab's financial targets and the company has eight employees. The acquisition is financed with own cash.
`We are pleased to become part of Lindab, one of Europe's leading ventilation companies. The acquisition is good for our customers and now we look forward to taking the next step in our business together', says Fabrice Ponzio, owner and managing director of Acomat International.
More information about Acomat International can be found on their website (in French): www.acomat.com