Inwido acquires the premium brand of Danish windows – Bøjsø Døre & Vinduer
Inwido, Europe’s largest supplier of windows, acquires one of the most exclusive Danish window manufacturers, Bøjsø Døre & Vinduer. Founded in 1972 the company now has some 40 employees and a turnover of DKK 49 million in 2016. Inwido acquires 100 percent of the shares for DKK 40 million on a cash- and debt-free basis, with immediate effect.
Originally a small carpentry company, Bøjsø Døre & Vinduer was founded by Bøje Sørensen in 1972. Today the company employs some 40 persons and has a production facility located near Billund in Denmark. In 2016 the company had a turnover of DKK 49 million.
“We’re very pleased that the acquisition has now fallen into place. In Denmark, Inwido focuses on supplying high quality, Danish made products. Bøjsø complements this position well as a supplier of exclusive products for the renovation market, mainly targeting private consumers. This is a relatively new market niche for us and is a perfect supplement to our other brands,” says Håkan Jeppsson, President and CEO at Inwido.
During recent years, Bøjsø has undergone a generational handover, and Bøje Sørensen’s son, Lasse Sørensen, has been the director and partner in the company since 2010:
“Bøjsø has been our family business for 45 years. We are now about to become a part of Denmark’s absolute elite within the field of windows and doors, and we are very proud of this. We see it as a great opportunity to continue to develop Bøjsø so that – many years from now – Bøjsø will have the same professional core values and an even greater capacity to develop, both in terms of volume and market position,” Lasse Sørensen says.
With this acquisition, Inwido continues to expand its portfolio of Danish window brands, which already includes KPK Døre & Vinduer, OUTLINE Vinduer, FROVIN Vinduer & Døre and Outrup Vinduer & Døre.
The final purchase price is partly contingent on Bøjsø reaching certain financial milestones in the coming years. The acquisition is financed by available cash resources.
Read the press release in the pdf attached
For further information, please contact:
Håkan Jeppsson, President and CEO
Phone.: +46 (0)10-451 45 51
Asger Drewes Jørgensen, MD Inwido Denmark
Phone: +45 2155 1455
E-mail: asger.drewesjorgensen@inwido.dk
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, Estionia, 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 5.7 billion in 2016. The Group's headquarters are located in Malmö, Sweden. For further information, please visit www.inwido.com
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