Atle Industri, which is 50%-owned by Ratos, has signed an agreement
to sell its wholly owned subsidiary Moving to the Austrian company
Knapp AG. The purchase price amounts to approximately SEK 92m and
will generate an exit gain for Atle Industri of approximately SEK
37m.
Moving develops and produces materials handling equipment and offers
module-based total solutions for efficient handling of non-bulk goods
through its specialist expertise in applications, systems and
products. Sales in 2007 totalled SEK 293m and EBITDA was
approximately SEK 15m."In business terms this is an optimal deal since the two companies'
operations complement each other extremely well," says Hans Åke
Norås, CEO of Atle Industri.
The sale will generate an exit gain for Atle Industri of SEK 37m. For
Ratos, the sale will result in an exit gain of approximately SEK 8m.
Moving is part of Atle Industri, a company jointly owned by Ratos and
3i (50/50), which develops its holdings and then finds new owners for
them when the time is right.
For further information, please contact:
Hans Åke Norås, CEO Atle Industri, +46 703 280 280
Thomas Mossberg, Executive Vice President, Ratos, +46 8 700 17 44
Clara Bolinder-Lundberg, Head of Corporate Communications, Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Interim Report January - June 2008 22 August 2008
Interim Report January - September 2008 7 November 2008
Year-End Report 2008 19 February 2009
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 offers investors a
unique investment opportunity. The equity of Ratos's investments is
approximately SEK 12 billion and a market capitalisation of
approximately SEK 31 billion. Ratos's holdings include AH Industries,
Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint,
GS-Hydro, Haglöfs, HL Display, HÅG/RH/RBM, Hägglunds Drives, Inwido,
Jøtul, Lindab, MCC, Medifiq Healthcare, Superfos and Other holdings.
