Nasdaq First North-listed Vimab Group AB (publ) ("Vimab" or the "Company") has signed an agreement for the sale of its wholly owned subsidiary Vimab AB to Grimaldi Industri AB. The purchase price amounts to SEK 140 million on a cash and debt-free basis. The final purchase price differs from the one communicated on February 14, 2025.
In the fourth quarter of 2024, Vimab Group’s Board of Directors made the decision to focus the Company’s operations on large-scale solutions for renewable energy storage and metal processing. This strategic direction was announced via a press release on October 18, 2024. As a result of this change in strategic focus, the process to divest Vimab AB— a subsidiary specializing in industrial valve services— was initiated. The transaction is expected to close within one month, subject to necessary regulatory approvals.
“This transaction strengthens our balance sheet. The proceeds enhance our financial capacity to meet the growing demand, both in Sweden and internationally, for our large-scale battery energy storage systems,” says Peter Fredell, CEO and Group President, and continues:
“Through this sale, we also free up resources to complete our new production facility planned in Staffanstorp, Skåne. A facility that will meet the highest international standards.”
About Grimaldi Industri AB
Grimaldi Industri AB is the parent company of the Grimaldi Industri Group. The Group includes companies such as Cycleurope, one of Europe’s leading bicycle manufacturers with well-known brands like Bianchi, Crescent, Monark, Gitane, and DBS.
About Vimab AB
Vimab AB provides market-leading national and international valve service and works across all industries with all valve types. Vimab holds a dominant position, especially within the nuclear power and process industries. The company operates nationwide from five locations in Sweden.
Advisors
Mangold Fondkommission AB acts as financial advisor to Vimab Group in connection with the divestment, and Wigge & Partners serves as legal advisor.
For further information, please contact:
Peter Fredell, CEO
peter.fredell@vimabgroup.com
+46 705 77 25 95
Anna Bonde, CFO
anna.bonde@vimabgroup.com
+46 733 54 71 34
Mangold Fondkommission AB is the Certified Adviser of Vimab Group.
Important Information
This information is such that Vimab Group is obligated to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication by the above-mentioned contact persons on July 4, 2025, at 17:25 CEST.
Vimab Group AB (publ) is an industrial group consisting of fourteen companies active in energy service, industrial, and environmental technology.
The Company’s business concept is to provide products and services that create value for customers through enhanced safety, improved work environments, and facilitation of the transition to more environmentally and energy-efficient operations.
The Group has annual revenue of approximately SEK 330 million and is listed on Nasdaq First North Growth Market under the ticker symbol VIMAB. Vimab Group AB operates both in Sweden and internationally, with a strong growth strategy driven by both organic development and acquisitions.
