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Nilfisk-Advance acquires Chinese Viper Group

7 Aug 2007 10:47 |
Inside Information
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The Nordic ExchangeNikolaj Plads 6DK-1007  Copenhagen  K 7 August 2007Release No. 17Nilfisk-Advance acquires Chinese Viper GroupWe refer to our announcement no. 9 of 8 May 2007 reporting Nilfisk-Advance'sacquisition of China's Viper Group. We can inform you that the outstanding authority approvals are now in place andthat Nilfisk-Advance has therefore acquired Viper with effect from 1 August2007. Viper will be an independent business entity within the Nilfisk-Advanceorganisation under the management of the existing Chinese Chief Executive whoin future will also assume sales responsibility for “Greater China”, whichincludes Hong Kong and Taiwan. Viper's operations in North America willcontinue to be administered from the existing distribution centre in Michigan. Further informationOur announcement no. 9 of 8 May 2007 contains a description of the acquisition,which is also mentioned in NKT's 1st quarter 2007 report. For further information, please contact the undersigned on telephone no. +454348 2000. Yours faithfullyNKT Holding A/SThomas Hofman-BangPresident and Chief Executive

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