On 23 October, the MND Group (FR0011584549, MND), which specializes in innovative mountain development and urban transport solutions, was admitted for trading on the C Compartment of NYSE Euronext's regulated market in Paris.

After the resounding success of its IPO, and in accordance with the commitments announced at that time, MND is now confirming the finalization of its purchase of Snownet, an Austrian-Swedish group that consists of two companies, Sufag and Areco.

These two internationally reputed brands are a perfect complement to the technology assets owned by MND and its subsidiary, Snowstar, and will considerably extend the Group's geographical footprint. MND now boasts the most cutting-edge range of technology on the market, and is set to gain access to new markets, primarily in Scandinavia and German-speaking areas.

The acquisition makes MND the second largest operator in a market worth around €200 million a year, according to company estimates.

MND Chairman Xavier Gallot-Lavallée made the following comments: “With Snownet under our belt, we are now in a commanding position to provide cutting-edge technical and economical solutions in one of the biggest areas of expenditure for ski resorts. We will continue to implement measures to ensure that this company achieves its full potential in terms of performance. Our snowmaking solutions offering, which is highly complementary in terms of its range and geographical coverage, is now comprehensive, and should enable us to gain further market share.

Find all the information that you need on www.mnd-bourse.com.