Dynal Biotech acquisition completed
Dynal Biotech acquisition completed All the acquisition terms having been met, Ratos is now completing its acquisition together with Nordic Capital of the Norwegian biotechnology company Dynal Biotech. Ratos will pay a purchase price of NOK 242m for a 25% stake in Dynal Biotech. "Dynal Biotech is already a well-established, profitable company in the biotechnology sector. We also see attractive opportunities within the company's R&D," says Ratos's CEO Arne Karlsson. Dynal Biotech (www.dynalbiotech.com) is world leading within research, development and production of magnetic and non-magnetic very small completely spherical polymer beads, and markets a wide range of products based on its technology. Among the applications is separation of biological substances. The company has customers and partners within industry as well as research, mainly in the diagnostics, genomics and cell therapy sectors. Dynal's main site is in Oslo. Its products are sold through subsidiaries and distributors in more than 30 countries. In 2000, it had a turnover of NOK 353m. The company employs approximately 230 people. For further information, please contact: Arne Karlsson, CEO, +46 8 700 17 00 Clara Bolinder-Lundberg, Head of Corporate Communications, +46 8 700 17 49 Financial calendar 2001-2002 13 November Nine-month report 21 February 2002 Year-end report for 2001 March 2002 Annual Report for 2001 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 net asset value of Ratos's investments is approximately SEK 9 billion. Ratos's holdings include Arcorus, Atle Industri, Camfil, Capona, Dahl, DataVis, DIAB, Dynal Biotech, Esselte, Exceed, Gadelius KK, Haendig, Haglöfs, Hilding Anders, Hilton Group, HL Display, Industri Kapital, Intervect, Kronans Droghandel, Lindab, Martinsson, Programmera, Q-Labs, Superfos, Telelogic and Telia Overseas. ------------------------------------------------------------ This information was brought to you by Waymaker http://www.waymaker.net The following files are available for download: http://www.waymaker.net/bitonline/2001/10/16/20011016BIT00420/bit0002.doc http://www.waymaker.net/bitonline/2001/10/16/20011016BIT00420/bit0002.pdf