TMCnet News
Swedish industrial automation systems and components supplier OEM International AB merges subsidiaries(Nordic Business Report Via Acquire Media NewsEdge) Swedish industrial automation systems and components supplier OEM International AB (OMX Stockholm: OEM B) announced on Monday (8 September) that it has decided to merge its subsidiaries Internordic Bearings AB and Indoma AB. The combined company, Internordic Bearings AB, will be a leading supplier of bearings and seals, and will have an annual turnover of some SEK110m, The merger will enable customers to purchase all their bearings and seals from the same supplier OEM International, headquartered in Tranas, Sweden, is a leading trading company within industrial automation. The company comprises some 25 units in over 10 countries. OEM International has 110 employees and annual sales of over SEK220m. One British pound (GBP) is worth approximately 11.72 Swedish kronor (SEK). ((Comments on this story may be sent to [email protected])) Copyright ? 2008 M2 Communications Ltd. |