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Share 2016-09-26 17:29 RATOS B 39.60 SEK

Inwido acquires DeCasa Interiör from Haendig

2007-09-18

In a deal between two Ratos subsidiaries, Inwido has acquired Haendig's subsidiary DeCasa Interiör. The purchase price (Enterprise Value) amounts to SEK 250 million. The sale will generate a capital gain for Haendig of approximately SEK 180 million, but will not affect on Ratos's result.
 
DeCasa Interiör is a subsidiary within the Haendig group consisting of the companies Lundbergs Produkter, which develops and designs accessories for doors, walls, windows and ceilings, and Duri, which sells products for floors and walls. The sale of DeCasa marks the final phase of the ongoing streamlining of Haendig. Following the sale Haendig comprises the bathroom company Hafa Bathroom Group with the Hafa and Westerbergs brands.
 
Ratos CEO Arne Karlsson comments on today's deal: "DeCasa Interiör provides an important platform for Inwido's focus on accessories for windows and doors. At the same time, Haendig is taking the final step in its streamlining, which means that this deal benefits both companies."
 
Ratos's holding in Haendig is 100% and in Inwido 95%. As a result of today's deal 5% of Haendig's reported capital gain of approximately SEK 180m will affect Ratos's consolidated earnings for the third quarter of 2007.
 
 
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 8 700 17 63


 
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. 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.