|Since January 7, 2014, Lidan AB has assumed ownership of Sepson AB. The Swedish company Lidan Marine specializes in winches and handling systems for ships and offshore rigs. Now we are joining forces to become an even stronger player in the international market.
Lidan Marine in Lidköping, Sweden, works with marine winch applications and has considerable expertise and resources in naval construction. The ties between our companies are now being strengthened, with the strategic venture and acquisition by Lidan AB of a majority
|shareholding in Sepson AB. Mats Elfsberg, who acquired Sepson in 1989, will remain as CEO of the company.
In both companies, we market our products globally and most of the production is exported. The aim of the deal is to strengthen competitiveness in the international arena and to create conditions for a quick and resourceful expansion. We will now have the opportunity of working more closely in terms of technology and product development, to help us succeed in our respective markets.