Sdiptech acquires Patol Ltd and Linesense Fire Detection Ltd
09 November 2022, 08:30
Sdiptech acquires Patol Ltd and Linesense Fire Detection Ltd
Sdiptech AB (publ) has acquired 100 percent of the shares of Patol Ltd. and Linesense Fire Detection Ltd. Both companies are specialised in fire safety products and systems.
Patol and Linesense design, manufacture and supply niche fire safety products and systems with applications in a wide variety of infrastructure sectors, including power generation, waste recycling, road infrastructure, food production and data centers. The companies have been operating in the fire detection market since 1968. Patol and Linesense are well known for its high-quality products and systems as well as strong technical support. The companies are headquartered in Reading, Berkshire, UK with an annual turnover in excess of GBP 3.2 million with good profitability.
Patol and Linesense’s products contribute to a safer environment where early notification of potential fire incidents greatly reduces the risk of damage and personal injuries. Patol and Linesense contribute to several of UN’s 17 sustainable development goals and have a strong fit with the Sdiptech ethos to create a safer society.
“Patol and Linesense are an interesting addition to Sdiptech’s business within Safety and Security. The companies specialise in Linear Heat Detection, but also supply a range of other complimentary specialist fire prevention and detection solutions, such as Aspirating Smoke Detection and Infrared Heat Detection. This enabling them to design the right solution for specific customer requirements. We look forward to continuing to develop the business’ further with the talented teams lead by Iain Cumner”, says Johan Lahiri Business Unit Manager of Special Infrastructure Solutions at Sdiptech.
‘We are very happy to become part of Sdiptech. The Sdiptech Group’s knowledge and presence within the fire prevention field, along with safety and security in general are highly valued. This is one of the reasons why we believe that this is a great fit for us as we further develop and strengthen our business. We look forward to working with the Sdiptech team and our sister-companies within the Group”, says Brian Jenkins Founder of Patol and Linesense.
Patol and Linesense represented together as Patol, is Sdiptech’s twelfth business unit in the UK and will be included in the business area of Special Infrastructure Solutions as of November 2022.
More information about Patol is available on the company website: https://www.patol.co.uk
For additional information, please contact:
The information was provided by the above contact persons for publication 09 November 2022 at 08:30 CET.
Sdiptech’s common shares of series B are traded on Nasdaq Stockholm under the short name SDIP B with ISIN code SE0003756758. Sdiptech’s preferred shares are traded under the short name SDIP PREF with ISIN code SE0006758348.
Further information is available on the company's website: www.sdiptech.se
Sdiptech is a technology group that acquires and develops market-leading niche operations that contribute to creating more sustainable, efficient and safe societies. Sdiptech has approximately SEK 3,200 million in sales and is based in Stockholm.
AttachmentTo view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.
About GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York
GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.
Subscribe to releases from GlobeNewswire by notified
Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from GlobeNewswire by notified
Innofactor Plc: Share Repurchase 1.2.20231.2.2023 17:30:00 CET | Press release
Innofactor Plc Announcement 1.2.2023Innofactor Plc: Share Repurchase 1.2.2023In the Helsinki Stock ExchangeTrade date 1.2.2023Bourse trade BuyShare IFA1VAmount 6,200SharesAverage price/ share 1.1752EURTotal cost 7,286.24EURInnofactor Plc now holds a total of 1 358 836 sharesincluding the shares repurchased on 1.2.2023On behalf of Innofactor PlcNordea Bank OyjJanne Sarvikivi Sami HuttunenAdditional information:Sami Ensio, CEOInnofactor PlcTel. +358 50 584 email@example.com Attachment Innofactor_1.2_trades
RULE 2.9 ANNOUNCEMENT1.2.2023 16:40:00 CET | Press release
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION FOR IMMEDIATE RELEASE 1 FEBRUARY 2023 PAYPOINT PLC ("PAYPOINT") RULE 2.9 ANNOUNCEMENT In accordance with Rule 2.9 of The City Code on Takeovers and Mergers, the Company confirms that, as at the date and time of this announcement, its issued share capital consists of 68,986,938 ordinary shares of 1/3 pence each, which carry voting rights of one vote per share. The Company does not hold any ordinary shares in treasury. The International Securities Identification Number for the Company's ordinary shares is GB00B02QND93. Enquiries: PayPoint plc Brian McLelland, Company Secretary +44(0)7721211100
Treasury Bond Auction Announcement - RIKB 26 1015 - RIKS 37 01151.2.2023 16:31:00 CET | Press release
SeriesRIKB 26 1015RIKS 37 0115ISINIS0000034874IS0000033793Maturity Date10/15/202601/15/2037Auction Date02/03/202302/03/2023Settlement Date02/08/202302/08/202310% addition02/07/202302/07/2023 On the Auction Date, between 10:30 am and 11:00 am, the Government Debt Management will auction Treasury bonds in the Series, with the ISIN numbers and with the Maturity Dates according to the table above. Payments for the Treasury bonds must be received by the Central Bank before 14:00 on the Settlement Date, and the Bonds will be delivered in electronic form on the same day. Article 6 of the General Terms of Auction for Treasury bonds applies for the right to purchase an additional 10%. Further reference is made to the description of the Treasury bond and the General Terms of Auction for Treasury bonds on the Government Debt Management website. For additional information please contact Oddgeir Gunnarsson, Government Debt Management, at +354 569 9635.
The Board of Directors of Talenom Plc has decided on a directed share issue as part of acquisitions1.2.2023 15:40:00 CET | Press release
Talenom Plc, Stock Exchange Release 1 February 2023 at 16:40 EET The Board of Directors of Talenom Plc has decided on a directed share issue as part of acquisitions Talenom Plc announced two acquisitions on 1 February 2023. Part of the purchase prices will be paid in cash and part with new shares of Talenom Plc subscribed in a directed share issue. The transaction prices are not disclosed. As part of the transactions, Talenom has decided to issue 50,825 new shares in a directed share issue for the sellers of the acquisition targets, i.e., BKF Asesores, S.L. and R2 Redovisning Ab. The subscription date for the shares is 1 February 2023. The number of new shares to be issued corresponds with some 0.11 percent of all Talenom Plc's shares prior to the share issue. After the registration of the new shares the total number of shares in Talenom Plc is 44,986,213 shares. The new shares will carry shareholder rights as of their registration day, estimated on 3 February 2023. The shares issued i
Talenom expands its operations in Spain by acquiring an accounting firm in Madrid1.2.2023 15:35:00 CET | Press release
Talenom Plc, press release 1 February 2023 at 16:35 EET Talenom expands its operations in Spain by acquiring an accounting firm in Madrid Talenom Plc has agreed to acquire the entire share capital of BKF Asesores, S.L., an accounting firm operating in Madrid, Spain. The acquired business will be transferred to Talenom on 1 February 2023. BKF Asesores, S.L. provides accounting, payroll and advisory services mainly to SMEs. The net sales transferred to Talenom from the acquired business is some EUR 0.7 million annually. The company employs a total of nine persons who will continue to work for Talenom. In the short term, the acquisition will not have any significant impact on Talenom’s financial position or future outlook. Talenom combines software development with expertise in the accounting industry in a unique way. The aim of the company is to grow both organically and through acquisitions in Finland and in Europe. Further information: Otto-Pekka Huhtala CEO, Talenom Plc +358 40 703 85