OBDUCAT AB (publ), a leading supplier of nanolithography machines, has taken a decision to establish a wholly-owned subsidiary in Hong Kong. The aim is to increase the presence in the Asian markets. The subsidiary, Obducat Asia Ltd, will constitute the regional hub for Obducat’s future activities in Asia.

The establishment in Hong Kong forms an important part to achieve the strategic target for Obducat to build up a strong presence in major markets. The function for the subsidiary will be to drive the business development together with marketing- and sales activities in the region, and in addition also contribute to the technical development in Obducat. A local presence will also provide the ability to offer improved and faster service and support to our customers. Recruitment of management staff in Hong Kong has already been initiated.

"The establishment of a local organisation in Hong Kong sends a strong message to our present customers as well as to our future customers and cooperation partners in the region. This will promote our continued addressing of the Asian markets" says Patrik Lundström, CEO.

This is information that Obducat AB (publ.) is required to disclose pursuant to the Swedish Securities Market Act and/or the Financial Instruments Trading Act. The information was submitted for publication on December 14th, 2016 at 18.30 CET.