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Share 2016-09-23 17:29 RATOS B 40.16 SEK

Contex to acquire American company

2008-07-02

Ratos's Danish subsidiary Contex Holding has concluded an agreement to acquire the American company Ideal Scanners Distribution. The acquisition will be a net-asset deal.
 
Contex Holding is a world-leading developer and manufacturer of innovative 2D and 3D digital imaging solutions. The company has three operating areas: Contex A/S, which is the world's largest supplier of wide format scanners; Z Corporation, which manufactures 3D printers; Vidar Systems Corporation, which develops and supplies solutions for medical imaging. The products are sold worldwide.
 
Ideal Scanners Distribution, which is a business area within Ideal Scanners & Systems, has been Contex A/S's largest distributor in the US since 1988. Over the past three years the company has had an annual growth rate of 20% and 2007 sales totalled SEK 57m. The company has 18 employees. 
 
"The acquisition of Ideal Distribution will provide Contex with access to Ideal's large distribution network. We will be able to establish closer ties with distributors and end customers more effectively and this will enable us to better meet customer demands and preferences," says Svenn Poulsen, CEO of Contex Holdings.
 
Ratos, which has a 98% holding in Contex Holding, will not be providing any additional capital in conjunction with the acquisition.
 
 
For further information, please contact:
Leif Johansson, Investment Director Ratos, +46 705 20 40 25
Svenn Poulsen, CEO Contex Holding, +45 48 14 11 22
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 70 719 84 43