Inwido acquires MV Center in Finland
With the acquisition of the family owned company Metallityö Välimäki Oy (MV Center), specializing in aluminum and steel doors as well as windows and glass facades, Inwido adds a successful company and a new, exciting product range to Business Area North. The company has approximately 45 employees and runs its operations in Nokia. In 2020, the company had sales of just over SEK 100 million.
Metallityö Välimäki Oy, also known as MV Center, was founded in 1982 in Nokia by the Välimäki family and is now led by two brothers in the second generation of the family business. MV Center specializes in the manufacturing of high-quality steel and aluminum doors, windows and glass facades. In addition to development and production, the company's installers carry out installation of the products in the expansive Tampere / Helsinki region. To ensure continued good development and expansion of the company, the owners now choose to sell MV Center to Inwido. With the acquisition, Inwido also sees opportunities for increased organic growth in the market for steel and aluminum doors, as well as glass facades in Finland. The company will continue to be run as a separate Business Unit within Business Area North, while at the same time being able to benefit from synergies with Inwido´s other Business Units in Finland.
- The acquisition of MV Center strengthens our presence in an expansive region of Finland with a well managed company that has a strong position in an exciting product area with good organic growth potential, says Henrik Hjalmarsson President and CEO Inwido.
- Together with Inwido, we see good opportunities to develop our family business to the next level. My brother and I look forward to working together with Inwido to realize our joint and full potential, says Tommi Välimäki, MD of MV Center.
The acquisition of MV Center is financed by available cash and will have a marginally positive impact on Inwido´s earnings per share. The purchase price is in line with Inwido´s regular multiples. The owners keep 25 percent of the shares for a period of at least three years. The purchase price for the remaining shares will be based on the future financial development of MV Center.
For more information, please contact:
Henrik Hjalmarsson, President and CEO
Tel: +46 (0)76-846 20 46, email: henrik.hjalmarsson@inwido.com
Olof Engvall, Investor & Public Relations Manager
Tel: +46 (0)73-541 45 73. email: olof.engvall@inwido.com
Inwido improves people's lives indoors with windows and doors. As Europe's leading window group, Inwido's business concept is to develop and sell the market's best customized window and door solutions through a decentralized structure and with a focus on the consumer-driven market in order to create long-term sustainable growth, organically and through acquisitions. Inwido consists of 28 business units with approximately 4,300 employees in eleven countries. In 2020 group sales amounted to SEK 6.7 billion with an operating EBITA margin of 10.9 percent. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn.
