Nord-Lock Group (Sweden) has today acquired Boltight Limited (UK), a leading hydraulic bolt tensioning company. The sellers are the founders of Boltight, and they will continue to manage the company and to develop it further.

Boltight has its head office in Walsall, UK. Since 1999, Boltight has developed advanced solutions for the tensioning of bolts in demanding industries such as oil and gas, power generation, and mining. In 2014, Boltight had 18 employees and sales of GBP 4 million.

The acquisition is strengthening Nord-Lock's product range and its position as a global provider of bolt securing systems.

Boltight's products are of premium quality and the company has an impressive track record of customer satisfaction thanks to the focus on engineering, product quality and delivery excellence.

Fred Heaton, Managing Director of Boltight: "We welcome the acquisition and the opportunity of accelerated growth made possible by becoming part of the Nord-Lock Group."

Ola Ringdahl, CEO of the Nord-Lock Group, comments: "Boltight´s product range will open up many interesting business opportunities. Adding the hydraulic bolt tensioning technology to our product portfolio will provide us with even more possibilities to help our customers solve their critical needs within bolt tensioning. We are very pleased to welcome Boltight into the Nord-Lock Group."

Göteborg, September 1, 2015

INVESTMENT AB LATOUR (PUBL)
Jan Svensson, CEO

For further information, please contact:
Ola Ringdahl, CEO Nord-Lock, +46 70 347 23 64
Teresa Enander, Director of Business Development, Investment AB Latour, +46 73 917 86 91

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 35 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 7.6 billion in 2014.

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