Inwido completes acquisition of shares outstanding in Outrup Vinduer & Døre from Denmark
Inwido, Europe’s largest supplier of windows, has now completed the acquisition of the outstanding 75 percent of shares in the Danish window and door company, Outrup Vinduer & Døre.
Outrup manufactures and sells windows and doors in wood and wood/aluminum for the Danish market. The company has a strong position, mainly in the carpentry market, and is focused on energy-efficient and modern window and door solutions.
Since August 2016, Inwido has held 25 percent of the shares in Outrup. In accordance with what was announced on 4 July 2016, Inwido is now acquiring a further 65 percent of the shares. The parties have also agreed to bring forward the acquisition of the remaining 10 percent, meaning that Inwido now owns 100 percent of the company. For further information, please see the 2017 Year-end Report.
Outrup has around 150 employees and production takes place at the factory in Outrup on the island of Mors, Denmark. Sales in 2017 amounted to approximately DKK 203 million.
Read the pressrelease in the pdf attached
For more information, please contact:
Håkan Jeppsson, President and CEO Tel.: 46 (0)10-451 45 51 or 46 (0)70-550 15 17
Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
Inwido is Europe’s largest supplier of windows and a leading door supplier. The company has operations in Denmark, Finland, Norway, Sweden, Austria, Estonia, Ireland, Lithuania, Poland and the UK, as well as exports to a large number of other countries. The Group markets some 20 strong local brands including Elitfönster, SnickarPer, Hajom, Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has approximately 4,000 employees and generated sales of slightly more than SEK 6.4 billion in 2017. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com