Nobia and DMG acquire German kitchen chain Vesta

Through Culinoma, Swedish company Nobia and Dutch company DMG today
acquired 75 per cent of the German Vesta Group, a kitchen retail
chain located in Germany with ten stores that generated sales of
approximately EUR 27 million in 2007. The seller is Thomas Winkler,
the founder of Vesta, who will continue to serve as the President of
the company.
 
Vesta is Culinoma's fourth acquisition since the joint-venture
company was founded by Nobia AB and De Mandemakers Groep Holding BV
at the beginning of 2007. With the acquisition of Vesta, Culinoma is
strengthening its market position, which will encompass 95 stores
with retail sales corresponding to approximately EUR 220 million.
 
The acquisition of the Vesta Group is conditional on the approval of
the competition authorities.
 
Useful links:
www.kuechen-vesta.de
www.mandemakers.nl
www.nobia.se
 
For further information, contact:
Fokke Broekhuis, De Mandemakers Groep, tel +31 651 50 21 26
Ingrid Yllmark, Director Communications & IR, Nobia AB
Tel +46 8 440 16 00 or +46 708 65 59 00
 
Nobia AB
6 May 2008
 
 
 
 
 
Nobia is the leading kitchen company in Europe with operations in
some ten countries. The Group manufactures and sells complete kitchen
solutions through many strong local and international brands,
including Magnet in the UK, HTH in the Nordic region, Hygena in
France and Poggenpohl internationally. Sales are generated through
specialised kitchen studios, other sales channels and direct to
corporate customers. Nobia creates profitable and sustainable growth
by working according to the company's strategic cornerstones. Nobia
has about 8,500 employees and annual net sales of approximately SEK
16 billion. The Nobia share is listed on the OMX Nordic Exchange
Stockholm AB under the shortname NOBI, in the Consumer Discretionary
sector. Nobia is included in the OMX Stockholm Benchmark Index.