Ratos's subsidiary Inwido has acquired all the shares in the Danish
window company KPK via its 60%-owned subsidiary Inwido Denmark.
KPK, which was founded by Karl-Peter Korsgaard in 1976, manufactures
primarily wood and wood/aluminium windows and doors for the Danish
housing market. The customer base mainly comprises small construction
firms and builders. Production is carried out at two factories in
Denmark and the company has approximately 240 employees. Sales in
2006 amounted to approximately SEK 379m and operating profit (EBITA)
was approximately SEK 100m.
- The Inwido Group's CEO Sven-Gunnar Schough says: "We have enjoyed
fruitful co-operation with KPK for a number of years through our
subsidiary Storke Vinduer. KPK has seen fantastic development in
recent years and today's acquisition means that we are further
strengthening our already strong position in Denmark."
Inwido, which is the Nordic region's leading window and door
manufacturer, has had strong organic and acquisition driven growth in
recent years. In 2005-2007 the company has made some 30 acquisitions,
including three in Denmark (Storke Vinduer, Outline and Frovin).
Sales for the entire Inwido Group in 2006 totalled SEK 3.3 billion of
which sales in Denmark accounted for over SEK 500m. The group's
operating profit (EBITA) in 2006 was SEK 390m. Following the
acquisition of KPK the number of employees in the group will amount
to 4,250 including approximately 530 in Denmark.
Ratos, which has a 95% stake in Inwido, will not provide any
additional capital in conjunction with the acquisition.
For further information, please contact:
Leif Johansson, Investment Director Ratos, +46 8 700 17 00
Sven-Gunnar Schough, CEO Inwido, +46 706 02 34 78
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Year-end report 2007 21 February 2008
AGM 2008 9 April 2008
Interim report January - March 2008 8 May 2008
Interim report January - June 2008 22 August 2008
Interim report January - September 2008 7 November 2008
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos thus offers stock
market players a unique investment opportunity. The equity of Ratos's
investments is approximately SEK 11 billion and a market
capitalisation of approximately SEK 30 billion. Ratos's holdings
include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil,
Contex, DIAB, EuroMaint, GS-Hydro, Haendig, Haglöfs, HL Display,
HÅG/RH/RBM, Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medifiq
Healthcare, Superfos and Other holdings.
