Continued growth in Fagerhults home market – Estonian sales company to the group

“The geographical position of Estonia makes it to a central place of the Baltic region which includes Russia. During the last two years Fagerhult has built a Russian sales organisation of six people placed in St Petersburg, Moscow and Yekaterinburg”, says Per Borgvall CEO Fagerhult.

Rinaldo Marketing is a trading company with seven employees and with a sales turnover of approximately 10 MSEK. Based in Tallinn the company will cover the Baltic countries and report to Fagerhults Finnish Sales Company. Fagerhult OU will be the name of the company.

More and more companys get interested of Estonia. A fast growth of the market and many new building projects are some of the reasons that foreign company wants to invest. Swedish companys are no different. And there are good reasons to look at he Baltic region. Sweden has by tradition been less interested of that region than Finland for instance.

“As our company in Finland is growing and the Baltic region now includes the new EU markets it is natural for us to count the Baltic region as a part of our home market”, says Per Borgvall.

Fagerhults strategy, to be among the top three Lighting System providers in Europe through profitable growth, is one of the reasons of the acquisition.

“With the establishment in Estonia we further strengthen our position as a strong market leader in our important home market, says Per Borgvall CEO Fagerhult.

For more information please contact:

Per Borgvall

CEO

tel: +46 36 10 87 06

mobile: +46 70 655 45 44

e-mail: per.borgvall@fagerhult.se

Christer Kämpeskog

Business Division Director

tel: +46 8 442 11 51

mobile: +46 70 510 87 10

e-mail: christer.kampeskog@fagerhult.se