Inwido acquires DeCasa Interiör from Haendig
In a deal between two Ratos subsidiaries, Inwido has acquired
Haendig's subsidiary DeCasa Interiör. The purchase price (Enterprise
Value) amounts to SEK 250 million. The sale will generate a capital
gain for Haendig of approximately SEK 180 million, but will not
affect on Ratos's result.
DeCasa Interiör is a subsidiary within the Haendig group consisting
of the companies Lundbergs Produkter, which develops and designs
accessories for doors, walls, windows and ceilings, and Duri, which
sells products for floors and walls. The sale of DeCasa marks the
final phase of the ongoing streamlining of Haendig. Following the
sale Haendig comprises the bathroom company Hafa Bathroom Group with
the Hafa and Westerbergs brands.
Ratos CEO Arne Karlsson comments on today's deal: "DeCasa Interiör
provides an important platform for Inwido's focus on accessories for
windows and doors. At the same time, Haendig is taking the final step
in its streamlining, which means that this deal benefits both
companies."
Ratos's holding in Haendig is 100% and in Inwido 95%. As a result of
today's deal 5% of Haendig's reported capital gain of approximately
SEK 180m will affect Ratos's consolidated earnings for the third
quarter of 2007.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Interim report January - September 2007 9 November
2007
Year-end report 2007 21
February
2008
AGM 9 April
2008 2008
Interim report January - March 2008 8 May
2008
Interim report January - June 2008 22
August
2008
Interim report January - September 2008 7
November
2008
Ratos is a listed private equity company. The business concept is to
maximise shareholder value over time by investing in, developing and
divesting primarily unlisted companies. Ratos thus offers stock
market players a unique investment opportunity. The equity of Ratos's
investments is approximately SEK 11 billion. Ratos's holdings include
AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex,
DIAB, EuroMaint, GS-Hydro, Haendig, Haglöfs, HL Display, HÅG/RH/RBM,
Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medifiq Healthcare,
Superfos and Other holdings.