Lindab to acquire Vicon.

Lindab, a company that develops, manufactures, markets and distributes products and systems for energy-efficient ventilation, agreed to acquire Vicon, a specialist in manufacturing and distributing plasma cutting machines, coil lines, laser cutting, and HVAC ductwork machinery. Financial terms were not disclosed. "With the acquisition of Vicon, we welcome another quality company to the Lindab Group. Within our successful division for machine equipment for the ventilation industry, we now get access to a more comprehensive range on the North American market. Together, our companies Spiro, Firmac and Vicon will become world leaders in quality machines for manufacturing of ventilation ducts. The business will have global sales of approximately SEK600m on an annual basis. The management of Vicon, including Managing Director Tim Walsh, will remain with the company and continue to develop the business," Ola Ringdahl, Lindab President and CEO.