Momentum Group AB (publ) announces that trading in Momentum Group's class B shares begins today on the Nasdaq Stockholm Main Market. The share is traded under the short name MMGR B.
Momentum Group operates, develops and acquires successful sustainable companies in the Nordic region through active ownership with decentralised profit and business responsibility. The group consists of a number of companies which together constitute one of the Nordic region's leading suppliers of industrial components, industrial services and other related services in the industrial sector. Momentum Group is a spin-off from listed Alligo AB. The company has its origins in Bergman & Beving, with a history spanning more than a century.
“The reason behind the separate listing of Momentum Group is a conviction that increased focus creates shareholder value. When Bergman & Beving was listed back in 1976, the market cap was around SEK 300 million. Today, after the spin-offs of Addtech, Lagercrantz, Addlife and Alligo, the total value is some SEK 100 billion. With today's listing, investors are given the opportunity to invest directly in Momentum Group, with our ambition to contribute to a more sustainable industry together with our customers,” comments Ulf Lilius, President and CEO of Momentum Group.
Momentum Group has a clear growth strategy.
"We are convinced that an increased focus as a separate group allows us to better take advantage of the strategic and operational opportunities within our operations and at the same time take advantage of the opportunities that exist for long-term profitable growth – both organically and through acquisitions,” concludes Ulf Lilius.
The prospectus prepared prior to the listing of the company's shares on Nasdaq Stockholm is available on Momentum Group's website, momentum.group. Danske Bank A/S, Denmark, Sweden branch is the financial advisor and Advokatfirman Delphi is the legal advisor to Momentum Group in connection with the listing.
