ETech Process acquisition - Closing postponed
Further to Stock Exchange release of 20 December 2007, Extended Stock Exchange release of 14 January 2008 and Information Memorandum of 8 February 2008, Simtronics ASA today announced that closing of the acquisition of ETech Process AS has been postponed.
[14.02.2008]The reason for the postponement is that due diligence has taken longer time than originally anticipated.
Closing is expected to take place on Friday 29 February 2008.
For further information please contact:
Rune Martini, CEO Simtronics ASA,
Phone +47 48 07 80 80
Simtronics ASA (Oslo Stock Exchange: SIMTRO) works to prevent disasters from happening. The company is an international supplier of fire and gas safety systems, active fire fighting solutions and fire prevention systems. Simtronics' flame and gas detectors represent the most accurate, reliable and robust safety technology available. The Company's products are used by the oil and gas industry as well as in shipping, petrochemical and other process industries and in mining. Simtronics has a well established market base in Europe with Norway, France, UK and Germany as the single most important markets. Simtronics' heritage goes back to 1948.