Nederman Acquires Olicem A/S

The environmental technology company Nederman has acquired the majority of shares in the Danish company Olicem A/S, thereby strengthening its range of solutions and its Monitoring & Control Technology (M&CT) division.

Founded in 2019, Olicem specialises in measurement and emissions reporting within the European market with sales worldwide.

The acquisition price suggests a company value of 50 million DKK, with an option to acquire remaining shares within a specified timeframe. The acquisition is cash financed. Olicem’s revenue for 2023 was approximately 8 million DKK, and the revenue for 2024 is expected to exceed last year’s. The acquisition is expected to have a positive impact on earnings per share from today’s date. Olicem’s headquarters are located in Hobro, Denmark and the company has 6 employees.

Olicem’s proprietary system is one of the leading systems in the market and can be used with all types of analysis and measurement instruments. With Olicem’s system, users can ensure and report that emission levels do not exceed legal requirements in waste incineration plants and in several other industries. The requirement to measure in real-time and report emission levels is an increasing demand from authorities to ensure good air quality, not only in Europe but also increasingly worldwide.

“Olicem’s expertise and platform open new opportunities for us. With our existing range of extraction, transport, and filtration, combined with our existing capabilities in measurement and process optimisation, we have an advanced concept, the Nederman Clean Air Concept, and Olicem becomes a natural part of our development.” says Sven Kristensson, CEO of the Nederman Group.

“With the acquisition of Olicem, we complement our expertise in measurement and reporting in a very exciting way and open up for deeper collaboration in new and existing industries. I am really looking forward to the cooperation and development ahead,” says Joakim Ryrstedt, SVP, Head of the Monitoring & Control Division.

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This information is information that Nederman Holding AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 15:30 a.m. CET on 4 November, 2024.

About Nederman
Nederman is an environmental technology company and a global leader in industrial air filtration dedicated to extracting, transporting and cleaning air to make industrial production more efficient, safe and sustainable. Based on industry leading products, solutions and services in combination with innovative IoT technology, we monitor and optimise performance and validate emissions compliance to protect people, planet and production.

The Nederman Group is listed on Nasdaq Stockholm. The Group has approximately 2,500 employees and a presence in more than 50 countries. Learn more at nedermangroup.com

Nederman Holding AB (publ), P.O. Box 602, SE-251 06 Helsingborg, Sweden 
Corporate registration number: 556576-4205