New CEO for Gadelius

Hans Porat is to take over as CEO of Ratos's associated company Gadelius KK in Japan on 1 March 2002. He will succeed the present CEO Hans-Bertil Håkansson. Hans Porat is currently deputy CEO in Trelleborg.

Hans Porat has previously held leading positions within ABB and Fläktgruppen, stationed in Tokyo and elsewhere. This has given him a good knowledge of the Japanese market.

Gadelius is a Japanese trading house with its roots in Sweden from 1890, which has been established in Japan since 1907. Today, Gadelius is a distributor of high-tech products with a focus on niche products with a high knowledge content in areas such as IT, medical technology, construction, machines for the packaging and food industry, as well as exports of mechanical and electronic components to European manufacturers.

Sales in 2000 amounted to approximately SEK 1.1 billion and the company has some 240 employees.

Ratos has a 50% holding in the company.

For further information, please contact:
Arne Karlsson, CEO, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications, +46 70 719 84 43

About Us

Ratos is an investment company that develops unlisted medium-sized companies based in the Nordic region. As an active owner, the goal is to contribute to long-term, sustainable development of the companies. Ratos is listed and invests capital from its own balance sheet and thus has a flexible ownership horizon. Ratos's 12 companies are divided into three business areas; Construction & Services, Consumer & Technology and Industry. In total, the companies employ approximately 12,300 employees.