Elanders

M&A Activity • Nov 30, 2021

Press release 30 November 2021

Elanders makes an acquisition in the Netherlands and strengthens its offer in Life Cycle Management and Technical Logistics

Today Elanders acquired all the shares in Eijgenhuijsen Exploitatie BV and its subsidiary Eijgenhuijsen Precisievervoer BV (together "Eijgenhuijsen"). Eijgenhuijsen is a leading actor in the Netherlands within special transportation and installation of advanced technical equipment. The company is privately owned with net sales of EUR 10 million in 2020 and has good profitability.

In line with Elanders strategy of investment and growth in Life Cycle Management Elanders signed a contract to acquire all the shares in the Dutch company Eijgenhuijsen Exploitatie BV. As a result of the acquisition Elanders will be able to offer unique solutions for special transportation, and installation and recovery of advanced technical equipment. The acquisition is also a step in increasing the proportion of value-adding services, particularly to customers in Electronics and Healthcare & Life Science.

Eijgenhuijsen will become part of the business area Supply Chain Solutions and be consolidated into the Elanders Group as of 1 December 2021. The purchase price is some EUR 10 million on a cashand debt-free basis, if IFRS 16 effects are excluded.

The acquisition is financed through existing credit facilities and the acquisition cost is estimated at SEK 2 million.

For further questions, please contact Magnus Nilsson, President and CEO, telephone: +46 31 750 07 50 Andréas Wikner, CFO, telephone: +46 31 750 07 50

This information is information that Elanders AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact persons set out above, at 14:15 CET on 30 November 2021.

Elanders offers a broad range of services and total solutions in supply chain management. The business is run through two business areas, Supply Chain Solutions and Print & Packaging Solutions. The Group has more than 6,000 employees and operates in some 20 countries on four continents. Our most important markets are China, Germany, Singapore, Sweden, the United Kingdom and the USA. Our major customers are active in the areas Automotive, Electronics, Fashion & Lifestyle, Industrial and Health Care & Life Science.