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Ratos — M&A Activity 2007
Jul 6, 2007
2957_rns_2007-07-06_0ab9ee0c-9ccb-4edc-be60-3a3b7c5619ed.pdf
M&A Activity
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Ratos AB (publ), Drottninggatan 2 Box 1661 SE-111 96 Stockholm Sweden Org nr/Corp. Id. no. 556008-3585, Tel +46 8 700 17 00 Fax +46 8 10 25 59 www.ratos.se
PRESS RELEASE 6 July 2007
Atle Industri sells Moving Hjulex
Ratos's associated company Atle Industri has signed an agreement to sell its wholly owned subsidiary Moving Hjulex to Addtech Transmission, a business area within Addtech AB.
Moving Hjulex's operations comprise sales of wheels, castors and gravity conveyors to OEMs and distributors, primarily in the Nordic region. Sales in 2007 are expected to amount to SEK 45m.
The company is part of Atle Industri, which is owned jointly by Ratos and 3i (50/50), which develops its holdings and then finds new owners for them when the time is right. For Ratos, the sale will result in a gain of SEK 8m.
Hans Åke Norås, CEO of Atle Industri, comments on today's deal: "Moving Hjulex has shown positive development and I am convinced that this trend will continue together with Addtech since the acquisition of Moving Hjulex provides a good complement to its existing operations."
After the divestment Atle Industri comprises the two wholly owned companies Moving (materials handling systems) and Nordhydraulic (hydraulic valves).
For further information, please contact: Hans Åke Norås, CEO Atle Industri, +46 703 280 280 Thomas Mossberg, Executive Vice President Ratos, +46 707 28 33 88 Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46 707 19 84 43
Financial calendar from Ratos: Interim report January-June 21 August 2007 Interim report January-September 9 November 2007 Year-end report 2007 21 February 2008 AGM 2008 9 April 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 Anticimex, Arcus Gruppen, Bisnode, Camfil, DIAB, GS-Hydro, Haendig, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives, Inwido, Jøtul, Lindab, MCC, Medifiq Healthcare, Superfos and Other holdings.