On September 23, 2015, Patricia Industries’, a division within Investor, acquisition of the U.S. family-owned company BraunAbility was announced. Following approval by the competition authorities, this acquisition has now been completed. The enterprise value amounts to USD 425 m. In 2014, sales and EBITDA amounted to USD 415 m. and USD 37 m. respectively. Since 2010, annual sales growth has averaged 10 percent. Patricia Industries has injected USD 315 m. in equity financing for 90 percent ownership of the company. The remainder of the acquisition has been financed by external debt and equity participation by the board, management and other key individuals. BraunAbility will be reported as a wholly-owned company within Patricia Industries. For further information: Stefan Stern, Head of Corporate Relations, Sustainability and Communications, Phone +46 8 614 2058, +46 70 636 7417 Magnus Dalhammar, Head of Investor Relations, Phone +46 8 614 2130, +46 73 524 2130 Our press releases can be accessed at www.investorab.com Investor, founded by the Wallenberg family a hundred years ago, is the leading owner of high quality Nordic-based international companies. Through board participation, our industrial experience, network and financial strength, we strive to make our companies best-in-class. Our holdings include, among others, Atlas Copco, SEB, ABB, Ericsson and Mölnlycke Health Care.
The acquisition of BraunAbility completed
| Source: Investor AB
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