Ratos AB: airteam acquires Ventek Ventilation
PRESS RELEASE 15 September 2016
airteam acquires Ventek Ventilation
Ratos's subsidiary airteam is strengthening its market position in Denmark through the acquisition of Ventek Ventilation A/S, a supplier of ventilation solutions.
airteam, a leading supplier of ventilation solutions in Denmark, is strengthening its market position in the country through the acquisition of Ventek Ventilation. The company was formed in 1982 and has approximately 45 employees, with its head office located in Nibe. Sales for 2015 amounted to approximately DKK 65m. Its offering comprises complete ventilation solutions, from design to installation and commissioning of ventilation systems. Furthermore, Ventek Ventilation offers maintenance and service of its installed solutions. The company's offering is an excellent complement to airteam's core operations.
"This strategic add-on acquisition further strengthens airteam's market position in North Jutland in Denmark. Ventek is a market leader in North Jutland and has a customer-centric business culture and a dedicated team of employees. The company's offering is a good fit for airteam's business model," says Poul Pihlmann, CEO of airteam.
The acquisition was completed on 15 September 2016.
For further information, please contact:
Elin Ljung, Head of Corporate Communications, +46 8 700 17 20
Robin Molvin, Investment Director, +46 08 700 17 00
Financial calendar from Ratos:
Interim report January-September 2016 10 November 2016
Year-end report 2016 17 February 2017
Interim report January-March 2017 8 May 2017
Interim report January-June 2017 17 August 2017
Interim report January-September 2017 6 November 2017
Ratos is an investment company that owns and develops unlisted medium-sized Nordic companies. Our goal as an active owner is to contribute to long-term and sustainable business development in the companies we invest in and to make value-generating transactions. Ratos's portfolio consists of 21 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer goods/Commerce. Ratos is listed on Nasdaq Stockholm and has a total of approximately 16,100 employees.