Volati makes add-on acquisition in Trading business area
Volati has acquired all of the shares in Swekip Sweden AB. The acquisition is an add-on acquisition for the Trading business area. Swekip reported sales of SEK 21 million in 2018.
Swekip is Volati’s fourth add-on acquisition in 2019. Add-on acquisitions to existing business units are an important part of Volati’s strategy for creating long-term value growth. They reinforce the business units’ market positions and add further value through synergies.
“Volati continuously evaluates a large number of potential acquisition candidates, with a particular focus on add-on acquisitions that create value for existing business units. In Swekip we are acquiring a well-managed company with good profitability and a strong market position in its niche,” says Håkan Karlström, Head of Business Area Trading.
Swekip has its head office in Umeå and is an established supplier of wheel loaders to the Swedish market. The company develops and markets a range of competitively priced wheel loaders and accessories.
“Swekip broadens our offering to the North European market with additional value for money products – an important element of our development of the business area,” says Håkan Karlström.
The acquisition has been financed through Volati’s existing credit facilities and the company will be consolidated from January 2020. The acquisition is not expected to have any significant impact on Volati’s earnings for 2020.
For further information, please contact:
Håkan Karlström, Head of Business Area Trading, +46 70 522 40 52, email@example.com
Mårten Andersson, CEO Volati AB, +46 72 735 42 84, firstname.lastname@example.org
Volati AB (publ)
Engelbrektsplan 1, SE-114 34 Stockholm
Tel: +46 8 21 68 40
Volati is a Swedish industrial group, formed in 2003, organised in four business areas: Trading, Consumer, Akademibokhandeln and Industry. Volati mainly acquires reasonably valued companies with proven business models, leading market positions and strong cash flows and develops them with a focus on long-term value creation. The strategy is to build on the companies’ identity and entrepreneurial spirit, adding leadership, expertise, processes and financial resources. Volati has operations in 16 countries, over 2,000 employees and annual sales of approximately SEK 7 billion. Volati’s ordinary shares and preference shares are listed on Nasdaq Stockholm. Further information is available at www.volati.se.