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     2020-08-19 - Alder AB acquires Samon AB

PRESS RELEASE

Alder AB acquires Samon AB

Vellinge (Malmö), Sweden - August 18, 2020 – It is with profound pleasure that we today can announce that Alder II AB ("Alder"), a Nordic investment fund based in Stockholm, has acquired SAMON AB, a world leading manufacturer of gas detection solutions sold world-wide.

With Alder AB as majority shareholder Samon AB plans to accelerate their already rapid growing international expansion strategy.

SAMON AB has an annual turnover of approx. SEK 50 mill. The selling price of SAMON AB is not disclosed.

As a result of the acquisition Jonas Sjöström, founder (1990) and CEO of SAMON AB, will continue as CEO and minority shareholder together with the entire management group who also invest in the new company.

Many new recruitments will be needed in order to meet the expansive goals set for the future.

About Alder

Alder II AB is a Nordic investment fund with the goal of creating the best possible conditions for long-term development of sustainable technology companies. With a mix of industrial and financial expertise and with the interest in entrepreneurship as a driving force, Alder creates profitable growth in close companionship with our companies. For more information, visit www.alder.se.

About SAMON AB

Samon develops and manufactures gas detection products for the refrigeration industry and for demand-based control of garage ventilation. The company has a wide range of detection options for the most common gases combined with complete control solutions. Samon has extensive experience of providing cost-effective systems and safe gas detection for land based as well as marine applications. For more information, visit www.samon.se or:

Jonas Sjöström, CEO of Samon

mobile +46 70 575 49 33

jonas.sjostrom@samon.se

Jørgen Bo Krogh

SAMON AB 19/8/2020

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