Martinsson, one of Sweden's leading companies within server-related services, is acquiring its industry colleague Lindahl & Rothoff in Lund. This acquisition marks a step in Martinsson's strategy to create a nationwide sales and consulting organisation with strong local ties.
The 80-year old Lund company Lindahl & Rothoff is one of southern Sweden's leading suppliers of IT infrastructure and related services. As a result of this acquisition, Martinsson's and Lindahl & Rothoff's offices in Lund will be co-ordinated under the Martinsson name. All of the approximately 80 employees at Lindahl & Rothoff will be offered continued employment in the new group. The Martinsson Group will then have some 600 employees at 19 offices across Sweden.
Martinsson, which is 50% owned by Ratos, had sales of SEK 1.2 billion in 2003 and is Sweden's only nationwide player within its niche. The company has experienced strong growth in recent years - not least as a result of Martinsson's buy-out of competitor IMS from the stock exchange in 2002. Operations have developed well and the group was able to report a profit for the first half of 2004 of SEK 15 million (6).
Following the acquisition of Lindahl & Rothoff the group's annual sales are expected to amount to SEK 1.5 billion. The acquisition, which is financed with own funds, is expected to make a positive contribution to Martinsson's earnings already this year.
For additional information, please contact
Stig Karlsson, Senior Investment Manager Ratos, +46 8 700 17 84
Anna-Karin Celsing, Head of Corporate Communications Ratos, +46 703 99 62 39