Category Archives: News

Herkules IV acquires Eterni Gruppen AS

Hercules Capital

Herkules Private Equity Fund IV has acquired a majority share of Eterni Gruppen AS. Eterni is one of Norway’s leading temporary staffing service companies.
Herkules Fund IV has entered into an agreement to acquire the majority of the shares of Eterni Gruppen AS. The management will re-invest and retain a minority stake in the company. The closing of the transaction took place on 20 December 2017.

Founded in 2011 by Rune Myrseth, Eterni is one of the leading temporary staffing service companies in Norway. Over the past 5 years, Eterni has taken significant market shares and in 2016, the company was ranked the 6th largest staffing service company in Norway. The company is headquartered in Bergen, Norway, with additional sales offices in Oslo and Trondheim, and sourcing offices in Poland, Lithuania and Slovakia. Eterni has 37 employees and approximately 800 temporary workers on contract for clients. Eterni mainly serves two key industry verticals; the construction industry and the fish and food processing industry. Eterni’s management team has long experience from the industry and has established a highly commercial corporate culture. Eterni had revenues of NOK 355 million and an EBITA of NOK 22 million in 2016.

“Eterni is one of the leading providers of temporary staffing services in Norway. Together with the management team and all the employees we believe there is great potential to continue growing the business.” says Gaute Gillebo, partner at Herkules Capital.

For further information about Eterni, please visit http://www.eterni.no/

 

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Verdane VIII portfolio company Jupiter Bach has been elected Gazelle 2017 by Danish newspaper Borsen

Verdane Capital

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Jupiter Bach – Gazelle 2017

We are very proud to inform that Jupiter Bach has been awarded Gazelle 2017 by Borsen, the leading financial Magazine in Denmark. This is not something we have applied for, but a recognition we get as we have doubled the company’s revenue or result within a four year period.

More specifically Borsen is stating that “A Gazelle company has within 4 financial years had positive growth and has doubled the revenue or result. These are tough requirements – and it is impressive that you have been able to meet them. Gazelle companies daily defy challenges like low growth, demographic headwind, disruption and having to attract qualified manpower, but they are still able to create success. They generate new employment and progress, and add value for their owners and for the local community which they are a part of.

The award was given at a Boersen award event November 30 at Sonnerupgaard Gods in Hvalsoe, Denmark. Representatives from management and employees participated in the prestigious event.

Our election as Gazelle 2017 bears witness to our growth and positive development within the last 4 years.

We would like to express our gratitude to our loyal customers and devoted team of employees, who have all contributed to this development.

We will continue to work hard to continue this growth journey together with you, and remain

devoted to wind!

 

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Croda Acquire Finnish Technology Company IonPhasE

Tesi

Croda International Plc, who create, make and sell speciality chemicals for some of the biggest, most successful brands in the world, today announced that it has acquired IonPhasE for €24m. IonPhasE is an innovative technology supplier of static electricity protection products headquartered in Tampere, Finland.

Operating in some of the fastest growing segments within the plastics market, IonPhasE has developed a unique range of anti-static additives that help to prevent damage to electrical components, increase the safety of chemical and food packaging and improve the long term appearance of consumer appliances. Focused on Electrostatic Discharge Protection (ESD) and Inherently Dissipative Polymers (IDPs), IonPhasE’s products use the most advanced technologies in the static electricity protection market, which work to release static electricity in a controlled way.

Maarten Heybroek, President Performance Technologies at Croda said: “This acquisition supports our growth strategy within high technology, consumer driven material markets. We are delighted that IonPhasE is bringing its industry leading knowledge in the rapidly growing market for Electrostatic Discharge Protection to Croda”.

IonPhasE’s products are a natural extension to Croda’s existing product portfolio and, by bringing together the expertise of both research and development teams, Croda will be able to offer a broader and more diverse range of products to its customers through its dedicated global marketing and sales force.

Heybroek continued, “The acquisition of IonPhasE presents a significant opportunity for us at Croda, with its differentiated and patented product range, operating in a niche, high value sector of the polymer market. The experience and knowledge of the IonPhasE management team, coupled with our innovation strength, global sales reach and complimentary technologies, will allow us to better meet the needs of our customers within our Smart Materials sector.”

Claus Carlsen, Chief Executive Officer at IonPhasE said: “For over 15 years, we have focused on developing our technology in response to the needs of our customers. We are looking forward to developing this further with Croda’s support and expertise, whilst being able to reach existing and new customers faster through a higher level of customer intimacy. All of the team here at IonPhasE is excited about our future within Croda.”

Heli Ahlroos, Director at Tesi said: “Tesi has been involved in financing IonPhasE’s growth and internationalisation since 2012. Now that the company has joined forces with a strong industrial player, IonPhasE will have significant resources to accelerate its global growth. We believe this transaction will support the development of IonPhasE’s technology and personnel in Finland well into the future.”

 

For more information:

Heli Ahlroos, Director, Tesi,
heli.ahlroos@tesi.fi, +358 40 077 2833

Jill Ullathorne, Global Marketing Manager – Polymer Additives
Croda Europe, Cowick Hall, Snaith, Goole, East Yorkshire, DN14 9AA, UK
jill.ullathorne@croda.com

About Croda – www.croda.com
Established in 1925, Croda is the name behind high performance ingredients and technologies in some of the world’s biggest and most successful brands: creating, making and selling speciality chemicals that are relied on by industries and consumers everywhere.
Croda has a network of over 4,200 passionate and committed employees, working together as one global team across manufacturing sites and offices in 36 countries. Croda Polymer Additives is a global business offering speciality additives into a wide range of polymer applications to provide effects such as anti-fog, anti-static, anti-scratch, mold release, pigment dispersion, slip & anti-block, torque release, UV absorption and speciality plasticisers.

About IonPhasE – www.ionphase.fi

Established in 2001, Finnish technology company IonPhasE is a leading manufacturer of static dissipative polymer additives, commonly known as permanent antistatic additives. These additives are used to control static electricity in plastics, which is utilised in wide range of global markets including electronics and semiconductor, chemical, food, automotive and consumer appliances.

About Tesi

Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio.
www.tesi.fi | @TesiFII

 

 

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KKR: An Affiliate of Sun European Partners LLP Announces That It Has Agreed to Acquire a Majority Stake in Afriflora

KKR

An affiliate of Sun European Partners, LLP (“Sun European Partners”), today announces that it has entered into an agreement with KKR to acquire a majority stake in Afriflora (“the Company”), the world’s largest grower of roses, alongside the Barnhoorn family. The proposed transaction is subject to customary regulatory approvals.

Afriflora is the leading supplier of quality roses at fair trade standards to Europe. Established in 2005 by the Barnhoorn family, Afriflora has over 11,000 employees. The Company is headquartered in Aalsmeer, Holland and operates three farms in Ethiopia covering 500 hectares. It cultivates, produces and sells over 1.1 billion stem roses annually with the majority of these to the European market.

The Barnhoorn family, who are the founders and significant shareholders of the Company, are to remain as shareholders and directors in the Afriflora group. With the support of Sun European Partners, they will continue to run the business with a focus on customer service and implementing best environmental and social practices, and with a sense of responsibility for local communities in Ethiopia.

Peter Barnhoorn, CEO of Afriflora said; “Our new shareholder will help Afriflora to achieve its growth aims and expedite its continued development. Our company has for many years been committed to investing in the local marketplace and building a future not only for the business but also for the workforce who have supported us through our growth and development, and this will not change. We would like to thank KKR for the support they have provided us to date and look forward to an exciting future working alongside Sun European Partners to take this company to the next level.”

Paul Daccus, Managing Director at Sun European Partners, said; “Afriflora is a world leader in an attractive sector that we know very well. We look forward to working with the Barnhoorn family and the management team over the coming years, to support the continued development and success of the business.”

Nicolas Gheysens, Managing Director at KKR, said; “We have been pleased with our partnership with Afriflora and the Barnhoorn family. Over the past years Afriflora has further strengthened its leadership position in its key markets but we are also proud to have contributed – together with the Barnhoorn family – to the development of the region. We wish Afriflora, Sun and the Barnhoorn family continued success.”

Sun European Partners has significant experience making acquisitions in the horticulture sector. Its affiliated portfolio companies include Flamingo Horticulture, a vertically integrated horticulture business.

For further information on Afriflora, please visit www.afriflora.nl/en/.

Sun European Partners was advised by Rabobank, Kirkland & Ellis, Houlihan Lokey, and Ernst & Young. The Barnhoorn family and KKR were advised by William Blair, Clifford Chance, Van Benthem & Keulen, Deloitte, and Londen & Van Holland.

-ENDS-

About Sun European Partners, LLP
Sun European Partners, LLP is a leading private investment advisory firm, focused on identifying companies’ untapped potential and leveraging its deep operational and financial resources to transform results. Sun European is a trusted partner that is recognised for its investment and operational experience, including particular expertise in the consumer products and services, food and beverage, industrial, packaging, chemicals, building products, automotive, restaurant and retail sectors. Since 1995, affiliates of Sun European have invested in more than 345 companies worldwide across a broad range of industries and transaction structures with turnover in excess of €43 billion. Further information on Sun European Partners, LLP is available at www.SunEuropeanPartners.com.

About KKR
KKR is a leading global investment firm that manages multiple alternative asset classes, including private equity, energy, infrastructure, real estate, credit and, through its strategic manager partnerships, hedge funds. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and driving growth and value creation with KKR portfolio companies. KKR invests its own capital alongside its partners’ capital and provides financing solutions and investment opportunities through its capital markets business. References to KKR’s investments may include the activities of its sponsored funds. For additional information about KKR & Co. L.P. (NYSE: KKR), please visit KKR’s website at www.kkr.com and on Twitter @KKR_Co.

For Sun European Partners
FTI Consulting
Fergus Wheeler / Alex Le May
+44 20 3727 1522 / 1308
suneuropean.sc@fticonsulting.com
or
For KKR
Finsbury
Alastair Elwen
+44 207 251 3801
alastair.elwen@finsbury.com

Source: KKR

News Provided by Acquire Media

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IK Investment Partners invests in Optimum Group

ik-investment-partners

IK Investment Partners (“IK”), a leading Pan-European private equity firm, is pleased to announce that the IK VIII Fund (“the Fund”) has reached an agreement with Mentha Capital and the founders to acquire Optimum Group (“Optimum” or “the Group”), a European printing and labelling company. Financial terms of the transaction are not disclosed and the completion of the transaction is subject to regulatory approvals.

Optimum Group is a printer of self-adhesive labels, banding and shrink sleeves, primarily serving the food and retail market. The Group operates through five printing facilities, of which four in the Netherlands and one in Belgium.

Optimum is active in the faster-growing segments within the Benelux labelling market, which is estimated to be worth approximately €700 million. In particular, the Group focuses on the food labelling market, which has grown by over 5% year-on-year. Optimum has a broad offering but is looking to expand its technological capabilities, such as inkjet technology, and end-market coverage in the food, beverage, chemicals, pharmaceutical and logistics sectors.

Bart de Boer, CEO of Optimum, said: “Label printers such as Optimum are well-positioned in the value chain to benefit from underlying volume growth drivers. With the support of IK, we will be able to invest in new digital technologies to print smaller batches more efficiently, enhancing our service offering. We will also be able to reach new customers through our international expansion and will further develop and expand our current product portfolio. Given service quality has always been our key priority and many of our core customers have worked with us for over 10 years, our partnership with IK will enable us to better serve our loyal customer base and continuously offer them new products.”

Remko Hilhorst, Partner at IK Investment Partners and advisor to the IK VIII Fund, said: “We were impressed with Optimum’s ability to outpace market growth thanks to its unique offering. Given underlying economic performance and the Netherlands’ strong position in food export, Optimum’s core market is expected to grow above market average. This investment is representative of our increased focus on the Benelux region and we look forward to working with the management team to grow the company’s relationship with its existing customers through increased cross-selling and geographic expansion.”

For further questions, please contact:

IK Investment Partners 
Remko Hilhorst, Partner
Phone: +44 207 304 4300

Mikaela Hedborg
Director Communications & ESG
Phone: +44 77 87 573 566
mikaela.hedborg@ikinvest.com

Optimum Group 
Bart de Boer, CEO
Phone: +31 85 273 2333

About Optimum Group
A diverse group of printing companies, specialized in the field of UV flexo and digital printing, together they form a strong top three player in the Benelux self-adhesive label and flexible packaging market. The group primarily serves customers in the food, retail, logistics and chemical industries. For more information, visit www.optimumgroup.nl

About IK Investment Partners
IK Investment Partners (“IK”) is a Pan-European private equity firm focused on investments in the Nordics, DACH region, France, and Benelux. Since 1989, IK has raised more than €9 billion of capital and invested in over 110 European companies. IK funds support companies with strong underlying potential, partnering with management teams and investors to create robust, well-positioned businesses with excellent long-term prospects. For more information, visit www.ikinvest.com

 

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Infravia sells its 55% stake in ADTIM, french fiber project, to DIF

InfraVia

DIF Core Infrastructure Fund I (“DIF CIF I”) and Infravia are pleased to announce that they have completed the sale of Infravia’s 55% stake in the French fiber company ADTIM.

ADTIM operates a wholesale telecom network in the Ardèche and Drôme departments under a 25-year concession awarded in 2008, which is fully operational since 2011. In December 2016, ADTIM, together with its partners Axione, Bouygues E&S and Caisse des Dépôts et Consignations, were awarded the Fiber to the Home (FttH) concession in the region. This second project plans to realize 310,000 FttH connections in association with the public local authority Syndicat mixte ADN as part of France’s 2012 Ultra-Fast Broadband Plan, the nationwide plan to implement ultra-fast internet connections across the country by 2022. nInfravia and DIF CIF I had reached an agreement on the transaction in June 2017.

InfraVia has been advised in the process by the following parties: Weil, Gotshal & Manges LLP (Legal), Lazard (M&A) and H3P (Financial)

ABOUT DIF

DIF is an independent and specialist fund management company, managing funds of approxi-mately €4.3 billion across seven closed-end investment funds and several co-investment vehicles. DIF invests in the global infrastructure market through two differentiated and com-plementary strategies. DIF CIF I targets small to mid sized infrastructure assets in the telecom infrastructure, rail, energy and utility sectors that generate stable and predictable cash flows that are contracted over the mid term with highly rated entities. The fund targets both greenfield and operational projects in Europe, North America and Australasia. The fund recently reached its final close at EUR 450m. DIF’s other funds target PPP / PFI / P3, regulated infrastructure assets and renewable energy projects in Europe, North America and Australasia.

DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney. DIF has offices in Amsterdam, Frankfurt, London, Paris, Luxembourg, Madrid, Toronto and Sydney.

ABOUT INFRAVIA CAPITAL PARTNERS

InfraVia Capital Partners is an investment manager dedicated to the infrastructure sector. InfraVia manages EUR 1.9bn across three infrastructures funds, positioned as long-term investors and dedicated to energy and infrastructure in Europe.

www.infraviacapital.com

 

 

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EQT Credit Opportunities III holds final close at EUR 1.3 billion

eqt

  • EQT Credit Opportunities III holds final close at EUR 1.3 billion, exceeding target
  • Continuation of the successful diligence-led investment strategy deployed by the two predecessor funds
  • Supported by a blue-chip investor base of pension funds, insurance companies, family offices and foundations in Western Europe, the Americas and Asia
  • Approximately 20% of the fund has already been committed

EQT today announces the successful closing of the EQT Credit Opportunities III fund (the “fund”) with total commitments of EUR 1.3 billion, well exceeding its initial target and its predecessor fund.

The fund focuses on medium-term investment opportunities in complex situations via the secondary market and by providing creative capital solutions to companies that are unable to access the capital markets.

Cyril Tergiman, Partner, Investment Advisor to the fund, comments: “Our focus on local sourcing and diligence, supported by EQT’s network of Industrial Advisors, as well as the fund’s ability to invest in a broad range of situations, has been key to our investment approach over the last ten years”.

Andrew Konopelski, Partner and Head of EQT Credit, Investment Advisor to the fund, adds: “Looking ahead, we are excited by the opportunities in the market and believe they play to EQT Credit’s strengths as a due diligence-focused investor. Thanks to the strong support demonstrated by existing and new investors, EQT Credit is well placed to capitalize on these opportunities over the coming years”.

Investors in the fund include a diverse group of European, Asian, North and South American pension funds, insurance companies, endowments, foundations and family offices.

“The outcome of the EQT Credit Opportunities III fundraising is yet another successful development in the growth of the EQT Credit platform, which covers the full range of risk profiles and investor appetites”, says Jussi Saarinen, Partner and Head of Investor Relations at EQT Partners.

Recognized by Private Equity International and Private Debt Investor as European Lender of the Year 2016, EQT Credit has positioned itself as an integrated capital provider across the credit risk spectrum.

The fundraising for the EQT Credit Opportunities III fund has now closed. As such, the foregoing should in no way be treated as any form of offer or solicitation to subscribe for or make any commitments for or in respect of any securities or other interest or to engage in any other transaction.

Contacts:
Andrew Konopelski, Partner and Head of EQT Credit, Investment Advisor at EQT Partners +44 20 7430 5525
Cyril Tergiman, Partner, Investment Advisor at EQT Partners +44 207 430 5554
Carlota Sanchez-Marco, Managing Director, Investor Relations at EQT Partners +34 674 345 701, carlota.sanchez-marco@eqtpartners.com
EQT Press Office, +46 8 506 55 334, press@eqtpartners.com

About EQT
EQT is a leading alternative investments firm with approximately EUR 38 billion in raised capital across 25 funds. EQT funds have portfolio companies in Europe, Asia and the US with total sales of more than EUR 19 billion and approximately 110,000 employees. EQT works with portfolio companies to achieve sustainable growth, operational excellence and market leadership.

More info: www.eqtpartners.com

About EQT Credit
The EQT Credit platform, which spans the full risk-reward spectrum investing with three strategies: senior debt, direct lending and credit opportunities, has invested approximately EUR 4.0 billion across approximately 150 companies since inception in 2008.

For more information: www.eqtpartners.com/Investment-Strategies/Credit

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Inventure launches its third early-stage venture capital fund

Inventure

Investments in funds – 2017-12-19

Already at the first closing, Inventure Fund III is the largest pure early-stage technology fund ever raised in Finland.

Helsinki, 19th December 2017: Inventure, a Nordic venture capital firm investing in seed and early-stage technology companies, today announces that it has completed a first closing of Inventure Fund III at €110 million. Already at the first closing, Inventure Fund III is the largest pure early-stage technology fund ever raised in Finland.

The first closing of the fund was led by European Investment Fund (EIF), Finnish Industry Investment (Tesi), Elo, Ilmarinen, Nordea Life Finland and other institutional and private investors. The fundraising continues throughout 2018 towards the target size of €135 million.

“Our conviction about the Nordic opportunity is greater today than ever before. By playing our part in building successful tech companies in the Nordics, we hope to contribute to growth and development of the whole region,” says Sami Lampinen, Inventure’s Managing Partner. “Already today, Inventure portfolio companies employ 1350 people. We want to triple this number in the years to come.”

Inventure has been supporting Nordic entrepreneurs over the past twelve years – first, from its headquarters in Helsinki, and lately from the new office in Stockholm. With the new fund, Inventure stays true to its investment strategy of supporting the entrepreneurs as early as possible. The increase in the fund size provides the team with an additional capacity to lead investments not only at seed stage, but all the way through expansion stages.

”In its two previous funds, the Inventure team has proven the ability to create value in dozens of companies and to generate good financial returns for investors. We are excited to be backing the new fund, and we are looking forward to new success stories rising from the portfolio”, says Tapio Passinen, Investment Director at Tesi.

Having the roots in Finland, the team makes big bets on deep tech – artificial intelligence, internet of things, new materials, virtual and augmented reality. New era of connectivity, future mobility, personalized healthcare, and next-generation UX platforms are key areas Inventure continues investing in.

“With its two prior funds Inventure has established its position as one of the leading early stage VCs in the highly innovative and successful Nordic ecosystem. We are pleased to continue backing a strong local investor like Inventure, which can provide close support to the most promising start-ups both operationally as well as financially”, says Juho Aminoff from the European Investment Fund (EIF).

More information
Sami Lampinen
Managing Partner
sami@inventure.fi
+358 40 520 5295

About Inventure
Inventure is a Nordic venture capital firm investing in seed and early-stage technology companies. Over the past 12 years, Inventure has been working with some of the best entrepreneurs in Finland, the Nordics and the Baltics, supporting innovative start-ups and high-tech companies. Inventure’s team is a great mix of experienced entrepreneurs, industry experts, and investment professionals committed to help start-ups build global success stories. Inventure operates in Helsinki, Stockholm, and Shanghai. For more information, please visit www.inventure.fi.

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Ecolab agrees to acquire minority ownership in Finnish MetGen

Tesi

Ecolab Inc., the global leader in water, hygiene and energy technologies and services has acquired a minority stake in MetGen OY. As part of the acquisition, Ecolab will be granted exclusive distribution rights globally for MetGen’s pulp and paper portfolio, as well as its wastewater enzyme portfolio. This business supplies differentiated custom blended enzymatic solutions to maximize biomass performance for various industries.

MetGen, headquartered in Kaarina, Finland, designs novel enzymatic solutions to improve energy efficiency and speed of processes in industries such as Pulp and Paper, Biofuels and Biochemicals.

“We are glad to welcome Ecolab as an investor in MetGen. Our business goals are fully aligned with Ecolab’s objective to support customers to achieve the best solutions in water technologies for the pulp and paper sector.  MetGen is excited to work together with the Ecolab team to accelerate market growth through the global introduction of innovative, sustainable enzymatic solutions in various business segments,” said Alex Michine, CEO of MetGen.

The investment provides Ecolab with access to innovative custom enzymes to help producers improve machine efficiency, water and energy savings, product quality and profitability. The terms of the transaction were not disclosed.

“We are excited to work with MetGen and implement their innovative products into our offerings to enhance Ecolab’s ability to provide value-added solutions for our customers in the Pulp and Paper Industry,” said Jerome Charton, senior vice president and general manager, Nalco Water global paper, Ecolab’s water management business.


For more information, please contact:
Alex Michine, CEO, MetGen Oy, +358 40 543 3740
skype: alexmichine
www.metgen.com

 

About MetGen Oy
MetGen designs and markets novel enzymatic solutions for the most challenging of industrial conditions to address our customer’s specific challenges. MetGen’s enzymes – MetZyme® – are industrial, highly-active, natural catalysts that accelerate chemical reactions and company uses advances in genetic engineering and microbiology to adapt enzymes to harsh industrial conditions and to handle a variety of lignocellulosic substrates. MetGen aims to be a widely recognized supplier of industrial enzymes, significantly contributing to the economics and sustainability of process industries such as pulp & paper, biofuels and biochemicals. MetGen’s competitive advantage is in tailoring or adapting enzymes to meet customer’s specific needs. www.metgen.com

About Ecolab
A trusted partner at more than one million customer locations, Ecolab (ECL) is the global leader in water, hygiene and energy technologies and services that protect people and vital resources. With 2016 sales of $13 billion and 48,000 associates, Ecolab delivers comprehensive solutions and on-site service to promote safe food, maintain clean environments, optimize water and energy use, and improve operational efficiencies for customers in the food, healthcare, energy, hospitality and industrial markets in more than 170 countries around the world. Follow us on Twitter @ecolab, Facebook at facebook.com/ecolab, LinkedIn at Ecolab or Instagram at Ecolab Inc.

About Tesi
Tesi (Finnish Industry Investment Ltd) is a venture capital and private equity company that accelerates companies’ success stories by investing in them directly and via funds. Tesi always invests together with other investors, providing them with access to high quality deal-flow in Finland. Our investments under management total 1 billion euros and we have altogether 723 companies in portfolio.
www.tesi.fi / @TesiFII

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Latour acquires Hakaser Oy

Latour logo

Investment AB Latour has, through its subsidiary DENSIQ AB, part of Latour Industries, signed an agreement to acquire Hakaser Oy, based in Oulu Finland. Closing will take place with immediate effect.

The acquisition is part of DENSIQ’s strategy to strengthen its position as a supplier of complete solutions within sealing technology as well as to increase the geographical reach in the Nordic countries.

Hakaser is specialized in maintenance and repair of industrial valves for the Finnish process related industries. Hakaser has eight employees and annual sales of approximately EUR 1,4 million.

Krister Seleskog, CEO of DENSIQ AB comments on the acquisition: “With Hakaser we will further strengthen our position as a complete supplier of services, products and engineering within sealing technologies. It will also increase our geographical reach and get us closer to the customer, especially in the northern parts of the region”

“DENSIQ and Hakaser complement each other very well in terms of both range of services and customer focus. With DENSIQ we can continue to expand both our offer as well as our geographical reach”, says Olli-Pekka Keränen current CEO and part owner.

Göteborg, December 19, 2017

INVESTMENT AB LATOUR (PUBL)

Jan Svensson, CEO

For further information, please contact:

Krister Seleskog, CEO DENSIQ AB, +46 720 10 21 40

Maria Elm Olsson, Chairman of the Board in DENSIQ AB, +46 705 08 72 82

DENSIQ AB, with headquarter in Göteborg, has annual sales of almost SEK 150 m and about 60 employees in subsidiaries located in three different countries. DENSIQ AB is part of Latour Industries, which is one of four wholly owned business areas within Investment AB Latour.

Latour Industries AB consists of a number of operating areas, each with its own business concept and business model. The ambition is to develop independent entities, which can eventually become new business areas within Latour.

Investment AB Latour is a mixed investment company consisting primarily of wholly-owned industrial operations and an investment portfolio of listed holdings in which Latour is the principal owner or one of the principal owners. The investment portfolio consists of ten substantial holdings with a market value of about SEK 47 billion. The wholly-owned industrial operations generated a turnover of approximately SEK 8 billion in 2016.

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