Ratos completes offer for Atle
On 19 February this year, Ratos and the British company 3i made an offer for all the shares in Atle. Since the offer has been accepted by approximately 97% of Atle's shareholders, all the conditions for the offer have been met.
The deal means that Ratos will acquire a total of 13 new holdings from Atle corresponding to a value of SEK 3.2 billion. The new holdings in Ratos's portfolio are:
Arcorus - Hydraulic systems, 49%
DIAB - Sandwich constructions, 48%
Gadelius - Engineering-oriented Japanese trading house, 50%
Haendig - Distributor of construction, iron and industrial products, 49%
Haglöfs - Outdoor clothing and equipment, 100%
Hilding Anders - Bedding products and solutions, 28%
HL Display - Products for retail display, 29%
Intervect (former Alimak + Hek Int) - Transport equipment, 50%
Kronans Droghandel - Pharmaceuticals distributor, 49%
Martinsson Gruppen - IT consultants, 50%
Programmera - IT consultants, 46%
Sweden On Line - Cable television operator, 50%
In addition, Ratos will acquire a so-called "joint portfolio" containing some 20 small companies from Atle.
The new holdings will be consolidated in the Ratos Group as from 1 May, 2001.
Additional information about the Atle offer can be found in the joint press release from Ratos and 3i.
For further information, please contact:
Arne Karlsson, CEO of Ratos, telephone +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications at Ratos,
telephone +46 8 700 17 49