Nasdaq (Nasdaq: NDAQ) announced that Gränges AB (short name: GRNG), a Mid Cap company within the Consumer Goods sector, has started trading of its shares on the main market of Nasdaq Stockholm. Gränges is, including switches, the 20th company to list at Nasdaq’s Nordic main markets in 2014 (Nasdaq Stockholm; Helsinki; Copenhagen; and Iceland).
Gränges is a leading global supplier of rolled products for brazed aluminium heat exchangers used primarily in automotive applications. Gränges’ vision is to help create smaller, lighter and more designable heat exchangers to increase economic efficiency and reduce environmental impact. Gränges operates through three geographical regions: Europe, Asia and Americas with production, research and development in Finspång, Sweden, and Shanghai, China. For more information, visit www.granges.com.
“The listing of Gränges is a natural step for the company following our separation from Sapa in 2013,” said Johan Menckel, CEO at Gränges. “We have a leading global market position in our niche and will benefit from the underlying growth in our market. Furthermore, Gränges has a production platform that will enable growth with high operational efficiency and the management team looks forward to continuing to create value for both existing and new shareholders.”
”We are excited to have Gränges back as a listed company and welcome them to Nasdaq Stockholm where we continue to see a strong inflow of new companies,” said Adam Kostyal, Senior Vice President at Nasdaq. “Gränges will make a valuable addition to our consumer sector and we look forward supporting them with the investor exposure that comes with being a main market company.”