EuroMaint makes strategic German acquisition
(Thomson Reuters ONE) - Ratos's wholly owned subsidiary EuroMaint has signed an agreement toacquire the leading independent German train maintenance company RailService Management Group (RSM). The seller is Hermann Weise and thepurchase price amounts to EUR 18m (Enterprise Value). The acquisitionmeans that EuroMaint will become the leading independent playerwithin train maintenance in Europe.EuroMaint has signed an agreement to acquire the German company RSMwhich has operations within maintenance of goods wagons, freight andpassenger trains in Europe. RSM has a leading position as anindependent maintenance supplier in Germany and is also establishedin the Netherlands, Belgium and Poland. The company's 2008 salestotalled EUR 94m with an operating profit (EBITA) of EUR 5.4m. Thecompany has approximately 800 employees. "The acquisition of RSM means that we are now building a significantplatform for future expansion in the growing market for maintenanceof both freight and passenger traffic. RSM is a profitable andwell-positioned player with an excellent geographic coverage," saysEuroMaint CEO Ole Kjörrefjord.Ratos acquired EuroMaint, one of Sweden's leading providers ofqualified maintenance services to the rail transport sector andengineering industry, in 2007. Operations are conducted by the twosubsidiaries EuroMaint Rail (84% of sales) and EuroMaint Industry(16% of sales). "When we acquired EuroMaint RSM was identified as a strategic andprioritised add-on acquisition. This makes it very gratifying to nowbe able to carry out this acquisition and establish EuroMaint as theleading independent player in the growing and increasinglyderegulated European train maintenance market," comments Ratos CEOArne Karlsson.EuroMaint has 1,750 employees and sales in 2008 totalled SEK 2,300mwith an operating profit (EBITA) of SEK 122m. In the periodJanuary-September 2009 sales amounted to SEK 1,812m (1,704) andoperating profit was SEK 93m (93).Ratos will provide capital corresponding to the entire purchase pricein conjunction with the acquisition. The deal is subject to approvalfrom the competition authorities. Ratos's holding in EuroMaintamounts to 100%.For further information, please contact:Arne Karlsson, CEO Ratos, +46 8 700 17 00Ole Kjörrefjord, CEO EuroMaint, +46 707 62 52 00Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +468 700 17 63Financial calendar from Ratos:Year-end report 2009 18 February 2010Annual General Meeting 2010 15 April 2010Interim Report January - March 2010 6 May 2010Interim Report January - June 2010 20 August 2010Interim Report January - September 2010 4 November 2010Ratos is a listed private equity company. The business concept is tomaximise shareholder value over time by investing in, developing anddivesting primarily unlisted companies. Ratos offers investors aunique investment opportunity. Ratos's equity is approximately SEK 15billion and has a market capitalisation of approximately SEK 29billion. Ratos's holdings include AH Industries, Anticimex, ArcusGruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, HafaBathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC,Medisize, Scandinavian Business Seating, Superfos and Other holdings.http://hugin.info/1180/R/1359525/331387.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Datum: 07.12.2009 - 14:00 Uhr
Sprache: Deutsch
News-ID 9339
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