SecurityWorldMarket

14/06/2007

Consilium expands in the Middle-East

Dubai, UAE

Consilium has agreed to acquire 50 percent of the shares in its current sales and service representative in the Middle-East. The company will renamed to Consilium Middle East FZC and the headquarters will be located in Dubai.


The company has an important function for Consilium's global sales and customer support and has built up a strong position with regards to sales of products and systems as well as spare parts and service to the marine market within the region. The company has a net turn-over of approximately 100 MSEK (14 USDM) and more than 50 employees.

"The acquisition strenghtens our position in the Mid-East and gives us a strong base for continued expansion within the region. The acqusition is expected to give Consilium a positive financial result during 2007" says Ove Hansson, CEO of Consilium AB.





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