Oslo, Saturday, January 1, 2000
Stock Exchange Notification
BLOM CONFIRMS TAKEOVER OF SIMMONS AEROFILMS LTD
Blom took over the shares in Simmons Aerofilms Ltd. on 31st March. The takeover went according to plan and as announced earlier in separate stockmarket reports on 31st January and 15th March 2005. The transaction was concluded following a review of the company. The transaction has made Blom Europe`s leading company in the collection and processing of map data, and has also provided the company with technology and competency that open up opportunities for new services both in Britain and in other markets in which Blom is operating.
The combined pro forma turnover for the Blom Group in its present form would have been NOK 349.2 m in 2004, with an EBITDA of NOK 67.6 m. The company will continue looking for new business opportunities based on the platform it has now established in addition to the organic growth that is expected.