Ratos has concluded an agreement to acquire all Gunnar Mannerheim's
shares in MCC. As a result of this deal, Ratos will increase its
holding in MCC from 60% to 100%. The purchase price for the shares
amounts to SEK [210m].
In April 2007, Ratos acquired 60% of the shares in MCC from the
company's founder Gunnar Mannerheim. MCC is a niche supplier of
customised climate systems with high performance and quality for
vehicles produced in short series. Approximately 70% of sales take
place in North America and the remainder in Europe. The head office
is in Stockholm and production is carried out in Canada, the US,
Sweden and Poland. Clas Gunneberg has been the company's CEO since
November 2007.
MCC has enjoyed good growth in recent years and 2007 sales totalled
SEK 698m with an operating profit (EBITA) of SEK 118m. A strategic
acquisition was carried out in September 2008 in the form of a net
asset deal when operations were acquired from the American company
ACME Radiator and Air Conditioning, which made a positive
contribution to earnings from 2008."It is gratifying that we now have the opportunity to increase our
ownership in MCC which in our opinion has good opportunities for
continued long-term growth. Add-on investments in existing holdings
that we know well are among the best investments we can make," says
Ratos CEO Arne Karlsson.
After this deal, Ratos's holding in MCC will amount to 100%.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Year-End Report 2008 19 February 2009
Annual General Meeting 2009 2 April 2009
Interim Report January - March 2009 7 May 2009
Interim Report January - June 2009 20 August 2009
Interim Report January - September 2009 5 November 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 11 billion and a market capitalisation of
approximately SEK 20 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, Medisize, Superfos and Other holdings.
