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:
Inwido AB
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 
E-mail: peter.welin@inwido.com

About Inwido
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

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About Us

Inwido is Europe’s largest manufacturer of windows and doors. The company operates in Denmark, Finland, Norway, Sweden, Austria, Estonia, Germany, Ireland, Lithuania, Poland and the UK and also exports products to other countries. Inwido had in 2015 an annual turnover of over SEK 5.2 billion and has 3400 employees. The Inwido headquarter is located in Malmö, Sweden. Inwido reaches the customer with strong local brands, focused on both the consumer and industrial markets. That way they reach a broad market of windows and doors. In 2015, sales to the consumer market were about 70 percent of total sales, while sales to the industrial market accounted for about 30 percent. The consumer market was dominated by housing projects like renovating, re-building and extending current houses. Projects often motivated by public subsidiaries. The industrial customers are mainly bigger construction company´s and house manufacturer were the business is conducted by frameworks agreements and bigger volumes. Friday September 26, 2014 Inwido was listed as a mid-cap company at NASDAQ Stockholm.

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