Global engineering group, Cavotec, is pleased to announce that as of today, October 19, 2011, its shares have commenced trading on the NASDAQ OMX Stockholm stock exchange. The Cavotec share ticker symbol is CCC. The share was previously listed on the NZX bourse in New Zealand.
Cavotec is a global engineering group that enables industries worldwide to improve productivity, safety and sustainability. Cavotec delivers power transmission, distribution and control technologies that form the link between fixed installations in airports, ports and mines, and mobile equipment such as aircraft, ships, mining equipment and cranes.
"We are delighted to have successfully completed the move to the NASDAQ OMX Stockholm. This is an important milestone in Cavotec's development that reflects our geographical footprint in that we have substantial presence in Europe and where the importance of Asia, the Americas and other key areas continue to grow," says Ottonel Popesco, Cavotec CEO.
In recent years, Cavotec has made substantial strategic investments in innovative products — such as automated mooring systems, Alternative Maritime Power for ships and in-ground utility systems for aircraft — and in a global network of companies. As a result, the Group has a well-established presence in more than 27 countries in a wide variety of sectors. Its activities are broadly divided across four market units: Ports & Maritime, Airports, Mining & Tunnelling and General Industry.
"We are very happy to be here at the NASDAQ OMX Stockholm, and we look forward to a long and mutually beneficial partnership in the years ahead," says Michael Scheepers, Director, Investor Relations & PR.
Cavotec is classed as a Small Cap Industrial by the NASDAQ OMX.
For further details on this material, contact Michael Scheepers, Director, Investor Relations & PR, on michael.scheepers@cavotec.com.