Industriförvaltnings AB Kinnevik sold its subsidiary SMA Maskin AB to Machinium OY, a finish company owned by Lännen and SFK. SMA Maskin AB is one of Sweden's leading distributors of construction equipment, material handling products and diesel engines as a representative for world leading product lines such as Komatsu, Hyster and Cummins.
SMA Maskin AB's turnover for 1998 was 437 MSEK.
Through the sale Kinnevik obtains a positive influence on liquidity of approximately 200 MSEK and a capital gain of 16 MSEK.
Stockholm, July 7th, 1999
INDUSTRIFÖRVALTNINGS AB KINNEVIK
President & CEO
For further information:
Vigo Carlund +46-8 562 000 00