Ratos has concluded an agreement to acquire up to an additional 48%
in its associate DIAB. The seller is 3i and the purchase price for
the shareholding amounts to approximately SEK 400m. As a result of
this acquisition, DIAB will become a subsidiary of Ratos which will
have a holding of up to 96%.
DIAB is a world-leading company that manufactures and develops core
materials for composite structures. Key applications include blades
for wind turbines, hulls and decks for boats, and components for
aircraft, trains, buses and rockets. The material has a unique
combination of characteristics such as low weight, high strength,
insulation properties and chemical resistance.
Ratos became an owner of DIAB in 2001. Since then the company has
seen strong growth and sales have risen from SEK 693m to SEK 345m in
2007 and operating profit (EBITA) from SEK 81m to SEK 260m."It is gratifying that we now have this opportunity to invest further
in DIAB, which in our opinion continues to have excellent development
potential and the ability to well meet Ratos's high return
requirements. Add-on investments in existing holdings that we know
well are among the best investments we can make," says Ratos CEO Arne
Karlsson commenting on today's deal.
The seller 3i is divesting its entire holding of 48% in DIAB to Ratos
and the company's minority owners. Depending on the size of the
offering subscribed by minority owners, Ratos will acquire between
43-48%, which means that Ratos's holding will increase from today's
48% to between 91-96%. As a result of today's deal, the consolidated
book value of Ratos's holding in DIAB will increase by up to SEK
400m.
The add-on acquisition in DIAB is subject to approval from the
relevant competition authorities.
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 5 November 2009
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. Ratos's equity is approximately SEK 11
billion and has a market capitalisation of approximately SEK 17
billion. Ratos's holdings include AH Industries, Anticimex, Arcus
Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Haglöfs,
HL Display, Inwido, Jøtul, Lindab, MCC, Medisize, Scandinavian
Business Seating, Superfos and Other holdings.
