Hoist AB acquires Nordic Team Hoist Technology

2010-05-03

On 27th April 2010, the Polish hotel supplier Nordic Team Hoist Technology went from being a Hoist Technology franchisee to being a fully owned subsidiary of Hoist AB. The change of owner means that Nordic Team Hoist Technology will have increased technical competence and better customer offers and that Hoist Technology is now fully established in Poland.

Nordic Team Hoist Technology is a well-established supplier in Poland and has been working in the Polish hospitality market since 1989. Having been a Hoist dealer, Nordic Team became a Hoist Technology franchisee in August 2009.

"Hoist's collaboration with Nordic Team has deepened gradually and for our part, taking the step to become fully established on the Polish market through a company that is already well-known in Poland, is very exciting. For Nordic Team Hoist Technology's part, this means that they now have full access to our volumes and therefore, can provide their customers with more attractive offers", says Malcolm Lindblom, CEO of Hoist AB.

For more information, please contact:
Malcolm Lindblom, CEO, Hoist AB, Tel. +46 8 555 164 00
Slawomir Stopikowski, Managing Director, Nordic Team Hoist Technology, Tel. +48 22 423 66 96

About Hoist AB
Hoist works together with hotels and hotel chains in the Northern European market. The company's field of activity embraces hotel interiors and technical system solutions designed to increase the profitability of hotels, conference facilities and commercial properties. The company was formed in 1994 and is currently based in Sweden, with fully owned subsidiaries in Norway, Denmark, UK, Russia, Poland, Finland and the Baltic States. Hoist is also represented by dealers in about ten other countries. Hoist Group includes the Norwegian company EM Systemer AS and the Swedish company JO Vent AB who work together with energy management and ventilation in commercial properties. Hoist Group's annual revenues are approximately 50 million euro, and it has 220 employees.

About Nordic Team Hoist Technology
Nordic Team Hoist Technology was founded in 1989 as a private, joint venture company. During the past 20 years it has been running business activities, continuously improving and developing products and services for hotels. Nordic Team Hoist Technology has more than 2.000 customers in the Polish hospitality sector and last year the company extended its activity as a supplier for restaurants, bars, coffee shops, etc. Nordic Team Hoist Technology has 7 employees.