Inwido is making four strategically important acquisitions. Inwido will pay a total of just over SEK 155m for one Danish, one Lithuanian and two Swedish window and door producers. With these acquisitions, Inwido will strengthen its position in the door and window market while extending the group's production capacity.
Inwido Denmark is to acquire the Danish window manufacturer Outline Vinduer's business in Denmark and the UK. Inwido Sweden is acquiring 40% of the sliding door manufacturer Panorama Nordic in Lithuania and 70% of the Swedish sliding door manufacturer Hajomfönster. In addition, Norsjöfönster, which is already part of the Inwido-group, is to acquire 100% of window producer Ostvik Fönster, based in the Swedish province of Norrland, which has production capacity located close to Norsjöfönster.
The four new companies had total annual sales of SEK 315m in 2004.
For further information, please contact:
Leif Johansson, Senior Investment Manager Ratos, +46 70 520 40 25
Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 70 399 62 39
Sven-Gunnar Schough, CEO Inwido, +46 70 602 34 78