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Firefly AB purchases Omniguard® flame detector series from Meggitt Inc.

Firefly AB has today, June 14th 2013, signed an agreement with Meggitt Inc., USA, to purchase the Omniguard® flame detector series. With this purchase, Firefly takes over product ownership, development, production, sales and after sales of Omniguard® flame detectors. Firefly will start to deliver Omniguard® flame detectors from June 17th 2013.

This business is of strategic importance to strengthen Firefly’s position on the market in the long-term. With this purchase, Firefly will expand its customer- and application base as well as achieve synergy-effects with business conducted within its other business areas Industrial applications and Infra systems.

This purchase is financed through existing liquid assets as well as a three year bank finance. Omniguard® flame detectors are today expected to add approximately 15% to Firefly’s yearly turn-over and already during year 2013 provide a positive addition to the company’s Operating profit and Earnings Per Share.

  

Stockholm June 14th 2013
FIREFLY AB (publ)

  

For more information, please contact Firefly CEO, Lennart Jansson, telephone 070-591 96 76

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