Ratos's Danish subsidiary Contex Holding has concluded an agreement
to acquire the American company Ideal Scanners Distribution. The
acquisition will be a net-asset deal.
Contex Holding is a world-leading developer and manufacturer of
innovative 2D and 3D digital imaging solutions. The company has three
operating areas: Contex A/S, which is the world's largest supplier of
wide format scanners; Z Corporation, which manufactures 3D printers;
Vidar Systems Corporation, which develops and supplies solutions for
medical imaging. The products are sold worldwide.
Ideal Scanners Distribution, which is a business area within Ideal
Scanners & Systems, has been Contex A/S's largest distributor in the
US since 1988. Over the past three years the company has had an
annual growth rate of 20% and 2007 sales totalled SEK 57m. The
company has 18 employees."The acquisition of Ideal Distribution will provide Contex with
access to Ideal's large distribution network. We will be able to
establish closer ties with distributors and end customers more
effectively and this will enable us to better meet customer demands
and preferences," says Svenn Poulsen, CEO of Contex Holdings.
Ratos, which has a 98% holding in Contex Holding, will not be
providing any additional capital in conjunction with the acquisition.
For further information, please contact:
Leif Johansson, Investment Director Ratos, +46 705 20 40 25
Svenn Poulsen, CEO Contex Holding, +45 48 14 11 22
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
70 719 84 43
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 27 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.
