Cardo acquires leading manufacturer in biological wastewater treatment
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.
