All conditions to which the sale of Ratos's subsidiary Exceed, to competitor Wilson Logistics, was subject to have now been met. The deal, which will result in an exit gain of approximately SEK 90m for Ratos, will therefore be completed.
The proceeds amounts to approximately SEK 160m. In connection with the change of owner, Exceed is settling a debt to Ratos of SEK 10m, which means that the liquidity effect for Ratos is SEK 170m.
Exceed's strategy has been to become a leading Nordic player within air and sea freight.
Although both Exceed and Wilson have strong market positions, particularly in Sweden, the joint analyses which preceded this deal have shown that the companies complement each other to a greater extent than they duplicate each other. This makes the deal logical from the point of view of both companies.
For additional information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00