Global engineering group Cavotec’s new listing on the NASDAQ OMX Stockholm was marked with a special ceremony in the Swedish capital today. Cavotec CEO Ottonel Popesco rang the bell at 9.00am CET to signify the first day of trading. He then made a short speech before being interviewed by the NASDAQ OMX media team.
You can watch the ceremony here.
“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,” said Ottonel Popesco.
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,” added Michael Scheepers, Director, Investor Relations & PR.