Nobia acquires UK kitchen manufacturer Gower
Nobia acquires UK kitchen manufacturer Gower * Nobia strengthens its foothold in the UK kitchen market * UK sales increase by SEK 1.0 billion, and the UK market share grows from 8 per cent to 15 per cent * Acquisition will be EPS positive from year one * Purchase price on debt-free basis amounts to SEK 890 million * Gower management will join Nobia's management team Nobia has acquired the UK kitchen company Gower Group Ltd for a purchase price on a debt-free basis of SEK 890 million. Gower's sales total approximately SEK 1.0 billion and its market share in the UK is approximately 7 per cent.