Solar A/S has entered into an agreement for the acquisition of parts of the
activities in Otra Danmark A/S, which is owned by the French Sonepar Group and
functions as the group's Danish subsidiary.
Otra Danmark A/S operates as wholesaler within the product areas electrical
installation material, lighting, security/alarms,
telecommunications/datacommunications as well as cords and cables. The part of
the business acquired by the Solar Group's Danish subsidiary Solar Danmark A/S
consists primarily of sales to electrical contractors. Revenue from the
activities acquired amounted to DKK 202m in 2009. The activities related to
utilities will be continued by Otra Danmark A/S.
The final acquisition is expected to take place at the beginning of September
2010 and, at this point, further details about the acquisition will be
announced.
With the acquisition, Solar A/S follows up on one of its strategic focus areas,
which is to create growth through acquisitions, which will further strengthen
the market position - in this case, the position in the Danish market.
Best regards,
Solar A/S
Flemming H. Tomdrup
Page 1 of 1
