Following a mutual agreement between the company and Svenn Poulsen,
Svenn Poulsen has resigned his position as CEO of Ratos's Danish
subsidiary Contex Group A/S. Chairman of the Board Arne Frank will
take on the role of Executive Chairman and Kenneth Aaby Sachse has
been appointed Acting CEO.
Svenn Poulsen will leave his position as President and CEO. Pending
the appointment of a new CEO, the present CFO Kenneth Aaby Sachse has
been appointed as Acting CEO of Contex A/S. Kenneth Aaby Sachse has
been working within Contex since 2008. Chairman of the Board Arne
Frank will take on the role of Executive Chairman.
In 2007 Ratos acquired the Danish Contex Group, a world-leading
developer and manufacturer of innovative 2D and 3D digital imaging
solutions. The company has three operating areas: Contex A/S is the
world's largest manufacturer of wide-format scanners, Z Corporation
manufactures 3D printers, Vidar Systems Corporation manufactures
products for medical imaging. The Group's products are sold
throughout the world. Sales in 2008 amounted to SEK 818m with an
operating profit (EBITA) of SEK 92m. The Group has approximately 350
employees.
Ratos's holding in Contex amounts to 98%.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Arne Frank, Executive Chairman Contex, +46 70 445 53 70
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Interim Report January - September 2009 5 November 2009
Year-end report 2009 18 February 2010
Annual General Meeting 2010 15 April 2010
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 16
billion and has a market capitalisation of approximately SEK 26
billion. Ratos's holdings include AH Industries, Anticimex, Arcus
Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Hafa
Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,
Medisize, Scandinavian Business Seating, Superfos and Other holdings.
