PSI Group ASA acquires Etikett-Produsenten AS

Wed Jun 26, 2013 5:35am EDT

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PSI Group ASA and K-E-Invest AS have signed an agreement, for the acquisition of Etikett-Produsenten AS for MNOK 8.65.

Etikett-Produsenten AS is a specialized commercial printing company aimed at small and medium circulations in a wide quality range, have very short delivery times and high delivery precision. The acquisition complements PSI Group ASA's existing commercial printing facilities that are focused on larger circulations within the industry-segment.

«PSI Group ASA has two modern commercial printing facilities in Mölndal and Stange, and sells labels for approximately MNOK 75 in the Norwegian and Swedish markets. This transaction will provide the Group with new expertise within digital printing, a new group of customers within advertising and media, as well as lifting label division's turnover to about 90 million." says CEO of PSI Group ASA, Jørgen Waaler.

"It is a vote of confidence and an inspiration to be incorporated into one of the leading Scandinavian players within labeling and marking," says founder and general manager of Etikett-Produsenten AS, Karsten Eriksen.

For further information, please contact:
Jørgen Waaler, CEO PSI Group ASA, Phone: +47 9059 0010

This information is subject of the disclosure requirements acc. to §5-12 vphl (Norwegian Securities Trading Act)

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Source: PSI Group ASA via Thomson Reuters ONE