Cardo acquires leading manufacturer in biological wastewater treatment

23.01.2002

Cardo has acquired the Finnish company Nopon Oy, one of the world's leading manufacturers of products for aeration in connection with biological wastewater treatment. Nopon has a turnover of approximately SEK 120 million and employs 65 people. The Cardo Pump business area's range of products for the water and wastewater segment is being supplemented by this acquisition.

Nopon, which is a profitable privately owned company, was founded in

1965 as a unit within Nokia. The company manufactures and markets

fine-bubble aeration systems complete with associated compressors and

mechanical aerators. The products are used in both municipal

treatment plants and in treatment plants for various types of

industries.

"Through this acquisition, we are enhancing our process know-how and

becoming a more complete supplier of customized oxygenation systems

for wastewater treatment," says Cardo's president and CEO Kjell

Svensson.

Nopon's products are sold worldwide via its own sales organizations

in Finland, Italy, Thailand and China and via distributors and agents

in other countries. Nopon's market share amounts to 25 percent in

Sweden and 10 percent in Europe. The company has production units in

Finland, Italy and Thailand. The company is also part-owner of a

Chinese factory.

The acquisition is expected to have a marginally beneficial effect on

Cardo group earnings in 2002.

Cardo Pump is a business area in the Cardo group and one of Europe's

leading manufacturers of pumps, mixers and aerators for water and

wastewater applications, industry, and the building services sector.

Cardo Pump is also a global leader in the production of sophisticated

measurement instruments for the pulp and paper industry. Pump's

turnover amounts to approximately SEK 2.5 billion.

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