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.
