This information is disclosed in accordance with the Securities Markets Act, the
Financial Instruments Trading Act or demands made in the exchange rules.
Euromaint has made a strategic decision to focus its business on maintenance for
the rail transport sector, and as part of this it has signed an agreement to
sell its subsidiary Euromaint Industry to Coor Service Management, for an
enterprise value of approximately SEK 100m.
Euromaint provides qualified maintenance services for the rail transport
industry and manufacturing industry. Operations are conducted by two
subsidiaries, Euromaint Rail and Euromaint Industry. Euromaint is active in a
total of 18 locations in Sweden as well as in Germany, Belgium, Poland, the
Netherlands and Latvia.
Euromaint Industry is active in industrial maintenance and offers qualified
services for production optimisation as well as for automated production
equipment and component fabrication. The company has about 300 employees and
posted in 2010 sales of approximately SEK 360m.
Commenting on the deal, Hans Pettersson, Chairman of the Board of Euromaint,
said: "The Board of Euromaint has made a strategic decision to focus the
business on maintenance services for the rail transport industry. The sale of
Euromaint Industry is a natural consequence of this decision. Moving forward,
Euromaint will focus entirely on strengthening its maintenance programme in its
core business in the Nordic countries and the rest of Europe."
Nicklas Falk, CEO of Euromaint Industry, commented: "In recent years, Euromaint
Industry has strengthened its industrial position and developed its service
offering, despite the downturn in the industrial market. In 2011 we have won
many new orders and returned the business to profitability and show a very
strong result in the third quarter. Coor Service Management will provide
Euromaint Industry the best conditions for continued favourable development and
expansion."
The enterprise value of the deal will amount to approximately SEK 100m. The sale
is conditional upon approval from the competition authorities and is expected to
be completed in the beginning of December 2011.
Coor Service Management is Nordic service management company and had sales of
SEK 6.3bn in 2010 and approximately 4,300 employees in the Nordic countries.
For further information, please contact:
Arne Karlsson, CEO, Ratos, +46 8 700 17 00
Hans Pettersson, Chairman of the Board, Euromaint, +358 50 38 52 064
Nicklas Falk, CEO, Euromaint Industry, +46 70 762 50 34
Emma Rheborg, Head of Corporate Communications and IR, Ratos, +46 8 700 17 20
Financial calendar from Ratos:
Interim report January-September 2011 9 November 2011
Year-end report 2011 16 February 2012
Annual General Meeting 2012 18 April 2012
Ratos is a private equity conglomerate. The company's mission is to maximise
shareholder value over time through the professional, active and responsible
exercise of its ownership role in primarily medium to large unlisted Nordic
companies. Ratos's holdings include AH Industries, Anticimex, Arcus-Gruppen,
Biolin Scientific, Bisnode, Contex, DIAB, Euromaint, Finnkino, GS-Hydro, Hafa
Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Mobile
Climate Control, SB Seating and Stofa. Ratos is listed on Nasdaq OMX Stockholm
and market capitalisation amounts to approximately SEK 26 billion.
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