Inwido’s acquisition of the e-commerce Group Bedst & Billigst completed
Inwido, Europe’s largest supplier of windows and one of the leading door suppliers, has now completed the acquisition of one of the strongest e-commerce players in the Nordic market – Bedst & Billigst Group, earlier communicated in a press release on October 9, 2017.
The company Bedst & Billigst was one of the first movers in the Business-to-Consumer e-commerce market in Denmark. Today the group owns and drives web-shops in Denmark, Norway and Sweden. The group has production facilities in Romania and Denmark. With this acquisition, Inwido continues to expand its position on the e-commerce market of windows and doors in Europe.
Inwido acquires 100 percent of the shares. The acquisition will be a minor part of the Inwido Group and will have a positive effect on Inwido's earnings per share 2018. The purchase price is financed by a new bank loan.
The Bedst & Billigst Group was founded in 2002, and today it consists of 4 brands, 100 employees and a turnover of SEK 135 million in 2017.
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, Romania, 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 4,400 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