Ratos subsidiary Anticimex has signed an agreement to acquire Finland's leading survey company Raksystems. The acquisition will be made by Anticimex's Finnish subsidiary which will thus complement its operations with property surveys.
Anticimex CEO Peter Carrick: "Property surveys is a fast-growing area within Anticimex. Raksystems will not only complement our Finnish operations, which until now have concentrated on pest control and dehumidification, but will also provide the entire group with increased expertise in surveying large properties."
Raksystems had sales of EUR 8.9m in 2006 with an operating profit (EBITA) of approximately EUR 1.0m. The company has 90 employees. Growth has been favourable in recent years and the company has a leading position on the Finnish property survey market. Raksystems will be consolidated with Anticimex's existing Finish operations.
Raksystems has been valued to an Enterprise value of EUR 8.4m and will be financed with loans and Anticimex's own funds. The management in Raksystems will own 35% of the shares in the new company.
Ratos, which has an 85% holding in Anticimex, will not provide any capital in conjunction with the acquisition.
For further information, please contact:
Bo Jungner, Investment Director Ratos, +46 70 522 55 22
Peter Carrick, CEO Anticimex, +46 702 55 88 98