Category Archives: News

EQT combines Candidator and DGC IT Services – creates new managed IT services provider

eqt

  • EQT combines Candidator and DGC IT Services to form a new group – creating a substantially larger managed IT services provider
  • EQT to support continued growth and further strengthen the customer service offering, both organically and through select add-on acquisitions
  • Jörgen Qwist, CEO of DGC, appointed as Group CEO and Johan de Verdier, CEO of Candidator, continues as Head of Candidator with focus on Business Development and M&A for the newly combined group

Candidator, based in Alingsås, Sweden, and DGC IT Services (“DGC”), headquartered in Stockholm, are both managed IT services providers with capabilities for full IT outsourcing, providing their clients with contracted services, including hosting and cloud and application management. The EQT Mid Market fund and the EQT Mid Market Europe fund respectively acquired Candidator in February 2018 and DGC IT Services, a business segment within DGC One, in June 2017.

Today, EQT announces the combination of Candidator and DGC IT Services to form a new group, Candidator DGC. Both companies have strategic complementary characteristics with significant industrial logic for combination, and together, they will have total annual sales of around SEK 1 billion. Compared to operating as standalone entities, the significantly larger group is expected to provide improved service offerings to customers and an improved ability to serve larger clients. EQT will support the continued development of the combined group and drive further growth, both organically and through select acquisitions.

Johan Dettel, Partner and Investment Advisor at EQT Partners comments: “EQT has followed the managed IT services market for a long time and sees great industrial logic in combining the two businesses. Candidator and DGC are highly complementary, both in terms of geographical footprint and strong service offerings in different customer verticals. The IT services market is undergoing powerful change with increasing demand for security services and cloud adoption. With this new platform, EQT creates a great foundation to deliver increased customer value in these areas.”

Jörgen Qwist, CEO of DGC, will assume the role of Group CEO of Candidator DGC. Qwist comments: “Together, Candidator and DGC will become one of the largest managed IT services providers in the Swedish market, with the ambition to grow throughout the Nordic region. As a group, we will possess the wide set of services and core expertise that is needed to compete for the largest clients. I really look forward to making this growth journey with all our employees and customers.”

Johan de Verdier, CEO of Candidator, will continue to be Head of Candidator with a focus on Business Development and M&A for the newly combined group. De Verdier adds: “Candidator and DGC share the same commitment of delivering an unbelievably excellent customer experience, and we complement each other well when it comes to geography and customer mix. We now are exceptionally well positioned for a very exciting future together for all employees and customers.”

The combined group will initially go to market under their respective names, Candidator and DGC, and will gradually integrate to merge under one name.

Contacts
Johan Dettel, Partner and Investment Advisor at EQT Partners, +46 8 506 55 350
EQT Press office, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 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 Candidator
Candidator is a successful IT company which delivers complete IT operation, telephony and outsourcing services to companies and organizations in the Nordic market, under the motto “make it simple.”. Our vision is to be a Nordic IT partner which is recognized for delivering an unbelievably good customer experience.

More info: www.candidator.se

About DGC
DGC is a managed service provider that develops and delivers customized IT services to customers who demand high security, availability and innovation. We deliver our services, from our own infrastructure as well as public clouds, with the highest service levels and a personal commitment to our customers. We started our business in 1991.

More info: www.dgc.se

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HQ Capital successfully closes secondary funds ASF IV and AASF

HQ Capital

New York, Frankfurt and Hong Kong. 02 May 2018 – HQ Capital (“HQC”), a leading independent manager of alternative investments, announced the final closing of its global secondary fund, Auda Secondary Fund IV (“ASF IV”), and its Asia-focused secondary fund, Auda Asia Secondary Fund (“AASF”), with combined third-party capital commitments of US$674 million.

 

Both funds were oversubscribed, receiving significant interest from existing and select new investors from around the globe. ASF IV closed on US$503 million of capital, exceeding its original target of US$450 million, and AASF closed at its hard cap of US$250 million, surpassing its US$200 million target (inclusive of US$79 million in capital allocated by ASF IV and by Auda Asia IV, HQC’s Asia-focused platform fund).

 

Like its predecessor funds, ASF IV will seek to construct a globally diversified portfolio of private equity assets through a combination of traditional and non-traditional secondary market transactions. Traditional deals will typically involve the purchase of limited partner interests in buyout, growth equity, venture capital and other private funds. Non-traditional deals will generally include sponsorship of private equity fund recapitalizations; purchases of portfolios of direct company interests; and purchases of securities in a single company. AASF will employ the same market approach, investment strategy, structured investment process, and key portfolio construction guidelines as ASF IV, but will focus exclusively on Asia-based secondary transactions. Both funds will target small and mid-sized transactions, typically ranging from US$10-20 million in value.

 

Chris Lawrence, Managing Director at HQC, said: “The strong demand we have seen from investors demonstrates a continued high level of interest in secondaries. We believe our focus on the generally less crowded small and mid-sized transaction segment, will provide opportunities for negotiated purchases, better pricing and enhanced risk-adjusted returns for ASF IV. As the secondary market continues to grow and evolve, we look forward to applying our 29 years of experience and local market expertise in the U.S., Europe and Asia toward identifying and executing on attractive and innovative investment solutions.”

 

Georg Wunderlin, CEO of HQC, added: “The successful closing of ASF IV and AASF marks another milestone in our specialized strategy, manifesting our position as a leading, independent manager of alternative investments. We are proud to have earned investors’ trust and are fully committed to using our experience and global presence to find attractive niche investment opportunities.”

 

ASF IV and AASF are the fourth and fifth funds raised by HQC dedicated to making private equity secondary investments. HQC will draw on its global resources in managing ASF IV and AASF, with sourcing and execution of transactions led by investment professionals operating out of offices in New York, Frankfurt and Hong Kong. To date, the funds have already closed on a combined 25 transactions representing approximately US$230 million in committed capital.

 

HQ Capital’s limited partners include insurance companies, pension funds, financial institutions and family offices as well as high net worth individuals, endowments and foundations.

 

Fundraising for ASF IV and AASF is now closed. Accordingly, the foregoing text should in no way be interpreted as any form of offer or solicitation to subscribe to or make any commitments for or in respect of any securities or other interests or to engage in any other transaction.

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Gilde Healthcare exits STAT-Dx to QIAGEN for $191M

GIlde Healthcare

Utrecht, The Netherlands – Gilde Healthcare announced it has sold its shareholding in molecular diagnostics STAT-Dx (Barcelona, Spain) to QIAGEN N.V. (NYSE: QGEN; Frankfurt Prime Standard: QIA). QIAGEN has agreed to acquire all shares of STAT-Dx for $147 million in cash and additional payments of up to $44 million based on the achievement of regulatory and commercial milestones.

Gilde Healthcare acted as lead investor in the EUR 31 million growth financing round in 2016. The financing enabled STAT-Dx to accelerate the growth of the organization, build in-house manufacturing capabilities, expand its product pipeline, obtain European market approval and to prepare go-to-market activities.

Founded in 2010 in Barcelona, Spain, STAT-Dx focuses on the development, manufacturing and commercialization of “Closer to Care” diagnostic solutions in areas where fast and accurate diagnostic results are crucial, such as infectious diseases and critical care. On April 19th, Qiagen announced the European launch of QIAstat-Dx (formerly STAT-Dx DiagCORE), a next generation multiplex diagnostics platform for one-step, fully integrated molecular analysis of common syndromes. QIAstat-Dx is a versatile, easy-to-use platform that consolidates molecular and immunoassay techniques in a single device. The first two tests are extensive respiratory and gastrointestinal panels. Additional tests are in development.

 

About Gilde Healthcare

Gilde Healthcare is a specialized European healthcare investor managing €1 billion across two business lines: a venture & growth capital fund and a lower mid-market buy-out fund. Gilde Healthcare’s venture & growth capital fund invests in medtech, digital health and therapeutics. The portfolio companies are based in Europe and North America. Gilde Healthcare’s lower mid-market buy-out fund invests in profitable European healthcare services companies with a focus on the Benelux and DACH-region. The portfolio consists of healthcare providers, suppliers of medical products and other service providers in the healthcare market.
For more information, visit the company’s website at www.gildehealthcare.com

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Full acquisition of Groku

Anders Invest

Full acquisition of Groku

May 2, 2018

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Anders Invest

 

On the 25th of April Anders Invest has completed her eleventh acquisition with the full acquisition of Groku in Kampen. The shares were bought from Heritage B, an international industrial holding company. The current management will remain at the company.

 Groku is active in the Benelux as a producer of customized professional kitchen furniture. The customers are project designers who supply kitchens and large-scale technology to catering establishments, hotels, company canteens, healthcare institutions and governments. Groku has a large production facility in Kampen, including an automated laser welding robot, laser cutter, CNC machining center, hydraulic rubber press and press center.

 The company has a long and stable history and is the largest player in its segment within the Benelux. 

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TA Associates Announces Investment in Datix

TA associates

BOSTON and LONDON – TA Associates, a leading global growth private equity firm, today announced that it has completed an investment in Datix, a specialty healthcare patient safety software provider.

Existing investor Five Arrows Principal Investments, the European corporate private equity business of Rothschild Merchant Banking, will maintain a significant equity stake in Datix. Financial terms of the transaction were not disclosed.

Founded in 1986, Datix is a leading global provider of patient safety and healthcare risk management software. The company’s suite of software products enables over 20,000 sites among more than 800 customers to address daily incident management and regulatory needs through its interconnected modular solutions. The company is headquartered in London with approximately 160 employees across four offices in the United Kingdom, the United States and Australia.

“As a global company that is seeking to continuously find ways to set the standard for patient safety, we believe it is critical to have financial and operational support to ensure that our customers around the world are receiving the highest quality products and services,” said Seyed Mortazavi, Chief Executive Officer of Datix. “Given TA Associates’ deep experience within the healthcare and technology industries as well as the firm’s value-add resources, we are confident that we have found the ideal partner as we embark upon our next phase of growth. We are delighted to welcome TA as an investor and are equally excited to be able to continue our strategic relationship with Five Arrows.”

As part of the transaction, Naveen Wadhera, a Managing Director at TA Associates, and Ethan Liebermann, a Principal at TA Associates, will join the Datix Board of Directors.

Kirkland & Ellis LLP provided legal counsel to TA Associates. Sidley Austin LLP provided legal counsel and Arma Partners served as financial advisor to Datix.

About Datix
Datix has been a global pioneer in the field of patient safety over the past three decades and today is the leading provider of software for patient safety, risk management and incident reporting for the healthcare sector.

Datix aims to build and promote a culture of safety within healthcare organizations, recruiting professionals who are passionate about improving healthcare and championing technological innovation. The company continually invests in its software and services, maintaining a leadership position at the forefront of the worldwide patient safety movement.

Datix is focused on the health and social care sector. Its customers include public and private hospitals, primary care providers, GP surgeries, mental health and ambulance service providers. Within the UK, this includes more than 80% of the National Health Service. Internationally, the Datix client base is growing rapidly and includes large-scale deployments in the U.S. and Canada, as well as customers in Europe, Australia and the Middle East. Datix has offices in London, Chicago, Washington, DC and Melbourne with partners in the Middle East, Australia and New Zealand. For more information, please visit www.datix.co.uk.

About TA Associates
Now in its 50th year, TA Associates is one of the largest and most experienced global growth private equity firms. Focused on five target industries – technology, healthcare, financial services, consumer and business services – TA invests in profitable, growing companies with opportunities for sustained growth, and has invested in nearly 500 companies around the world. Investing as either a majority or minority investor, TA employs a long-term approach, utilizing its strategic resources to help management teams build lasting value in growth companies. TA has raised $24 billion in capital since its founding in 1968 and is investing out of current funds of $7.25 billion. The firm’s more than 80 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. More information about TA Associates can be found at www.ta.com.

About Five Arrows Principal Investments
Five Arrows Principal Investments is the European corporate private equity arm of Rothschild Merchant Banking, which manages €8 billion in capital, including €2 billion dedicated to corporate private equity. Five Arrows focuses on investing in European middle market companies which have strong market positions, business models with high revenue visibility and multiple levers to unlock latent value. With a pan-European portfolio of 20 companies and a large “grass roots” network of industry operators, Five Arrows specializes in select sub-segments of Healthcare, Data & Software and Technology-Enabled Business Services. www.rothschild.com/fapi

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EQT acquires majority stake in Dunlop Protective Footwear

eqt

  • QT acquires majority stake in Dunlop Protective Footwear, the leading global manufacturer of protective wellington boots
  • Intention to support the global growth of Dunlop Protective Footwear, by enhancing its go-to-market approach in the US, driving expansion in underpenetrated and new geographies, and by fostering innovation and new product development
  • Gilde Equity Management, the current majority shareholder, will reinvest in the company and will remain a significant shareholder going forward
  • The existing executive team, led by CEO Allard Bijlsma, will continue to lead Dunlop Protective Footwear

The EQT Mid Market Europe fund (“EQT”) announces that it is acquiring a majority stake in Dunlop Protective Footwear (”Dunlop” or “the Company”) from its current owner Gilde Equity Management Benelux (“GEM”). GEM will remain a significant shareholder and will continue to support the growth plans of the Company in close cooperation with EQT and Management.

Dunlop is the leading global manufacturer of branded protective wellington boots, serving professionals in Agriculture & Fishery, Food processing, Industry and Oil, Gas & Mining. With over 500 employees, production sites in the Netherlands, Portugal and the US, and sales activities around the world, Dunlop serves customers in more than 50 countries.

EQT is excited to support the continued global growth of Dunlop, by enhancing the Company’s go-to-market approach in the US, driving expansion into underpenetrated and new geographies, and fostering new product development. Dunlop is expected to benefit from EQT’s deep sector expertise within tech and digitalization in its mission to further expand its e-commerce platform. EQT also intends to support Dunlop’s growth ambitions through add-on acquisitions.

Florian Funk, Partner at EQT Partners and Investment Advisor to EQT Mid Market Europe, comments: “EQT is honored by GEM’s trust and grateful to have been granted an exclusive process. This enables us to work together in the future and build on the impressive track record of Dunlop Protective Footwear. We regard this outcome as a testimony to our EQT brand value and acknowledged reputation to help high-quality companies unlock their full potential. We are very excited to join the Dunlop journey and to support the management team in accelerating its global growth ambitions going forward.”

Thijs van Remmen, Partner at Gilde Equity Management: “We have been a shareholder in Dunlop for many years and have supported the company through several phases of development. Starting by focusing Dunlop entirely on its niche of protective wellington boots, we then helped the company to steadily gain market share globally, including the step-change acquisition of competitor Onguard in the US. We believe the company is in a better position than ever to propel itself to the next level. That is why we will reinvest significantly and remain a shareholder in the company.”

Allard Bijlsma, CEO of Dunlop, adds: “Our Dunlop Protective Footwear company has a clear plan towards the future, in which driving comfort and protection for our end users is the central theme. With our Dunlop brand and our best in class product offerings, like Purofort, we are acknowledged as the innovation leader in our business. I’m delighted that the EQT team has joined us to support our global roll-out and thus being able to accelerate on our ambitions. I’m convinced that EQT can deliver great value to our business by making use of their global network of experts in virtually every field.”

The transaction is subject to customary conditions and regulatory approvals. It is expected to close in Q2, 2018. The parties involved have agreed not to disclose financial details of the transaction.

Contacts
Florian Funk, Partner at EQT Partners, Investment Advisor to EQT Mid Market Europe, +49 89 2554 99 504
EQT Press Contact, +46 8 506 55 334

About EQT
EQT is a leading investment firm with approximately EUR 49 billion in raised capital across 26 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 GEM
Gilde Equity Management (GEM) is an independent private equity firm in the Benelux with more than 30 years of experience and over EUR 1 billion under management through funds with a long-term investment horizon. Since 1996, GEM focuses exclusively on the Benelux mid-market segment and invests in international companies based in the Netherlands and Belgium.

More info: www.gembenelux.com

About Dunlop Protective Footwear
Dunlop Protective Footwear is the leading global manufacturer of protective wellington boots. In more than 50 countries worldwide, the Company provides comfortable and protective footwear to the workers in Agriculture & Fishery, Food processing, Industry and the Oil, Gas & Mining industry. Dunlop has more than 500 employees, three production sites in the Netherlands, Portugal and the US, and sales people around the world. Dunlop Protective Footwear is headquartered in Raalte, the Netherlands.

More info: www.dunlopboots.com

 

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Hg agrees sale of Teufel to Naxicap Partners

HG Capital

30 April 2018: Hg today announces the sale of Teufel, a leading European direct-to-consumer online brand for audio solutions, based in Germany, to Naxicap Partners, one of France’s leading private equity companies.

Teufel’s ability to control its entire value chain puts it in a unique position and enables it to offer better value for money to its customers. Based in Berlin with around 200 employees, Teufel is focused on the mid-to-high-end segment of the audio solutions market and has built a very strong customer base over the last 40 years.

Since Hg partnered with Teufel in 2010, it has supported the successful transition from a traditional loudspeaker company to a high-quality brand for state-of-the-art audio solutions, through the introduction of new categories and technologies, including wireless streaming, headphones and portables.

Martin Block and Stefan Margolis, Hg, said:
“We wish Sascha and Joachim well for the next phase of growth and we congratulate them and the team at Teufel for the great results over the last few years. Teufel has achieved a number of milestones during this time, including the acquisition of Raumfeld in 2010 and substantial revenue growth, increasing from around €40m to over €100m today.”

Sascha Mallah and Joachim Wimmers, Managing Directors at Teufel said:
“We are very happy to be joining forces with Naxicap Partners, a very successful and experienced investor in the field of consumer audio. Together we are going to tap Teufel’s full potential across new markets. We will continue to offer our core products, such as AI speakers, headphones, portable audio and compact home cinema, to a wider direct customer base. We want to thank Hg for their strong commitment over the years and highly valuable support. The future will be loud!”

 

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Mentha Capital enters into partnership with OFYR

Mentha Capital

Mentha Capital has recently expanded its portfolio by taking a stake in OFYR. OFYR’s main goal is to transform outdoor cooking into a more social activity, replacing traditional barbeques with something far more user-friendly and pleasing to the eye, whilst still enabling high-quality cooking.

OFYR’s leading product is a unique cone-shaped, high-performance cooking-unit which in combination with a wide range of supporting products forms a complete outdoor lifestyle concept. OFYR targets both high-end users such as professional chefs, focused on advanced cooking, and people who want to combine outdoor cooking with social events. Their products are used by both high-end restaurants and by consumers at home in their gardens. OFYR was first launched in the Netherlands in 2015 and is now sold in over 70 countries.

Peter Tourné, CEO and shareholder of OFYR: “We are delighted that in Mentha Capital we have a business partner that will be instrumental in bringing OFYR to the next level.”

Hans Goossens, founder and shareholder of OFYR: “I am very proud that in a short space of time we have brought OFYR to a level that such an established partner is willing to collaborate with us.”

Mentha Capital will support OFYR in accelerating its growth. Mark van Ingen, Investment Director at Mentha Capital: “What OFYR has managed to achieve in the last three years is extremely impressive. They have transformed a great idea into a mature company and established a new brand and category in a traditional market. We are pleased to actively support and work together with the company in realizing its ambitious growth plans.”

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Piab becomes a new subsidiary within Patricia Industries

Investor

Patricia Industries, a part of Investor AB, has agreed to acquire the Swedish company Piab Group AB from EQT. Piab is a leading gripping and moving solutions company that develops and manufactures a complete line of products such as vacuum pumps and ejectors, suction cups and vacuum conveyors used for gripping and moving applications in automated manufacturing and logistics processes. These products are typically placed at the end of a robotic arm or mechanical machine, and help customers improve productivity, energy-efficiency and working environments. Piab’s customer base covers a wide range of industries, such as automotive, e-commerce logistics, food, pharma, packaging, robotics OEMs, and electronics.

“Piab has a strong management team and corporate culture. It provides critical premium products in an attractive market niche. We see significant growth opportunities, driven by the trend towards increased automation. Piab has leading market positions, a large share of recurring revenue, high profitability and strong cash flow generation. By utilizing our broad network of seasoned industrialists and our experience within the engineering sector, we look forward to contributing to taking Piab to the next level”, comments Investor AB CEO Johan Forssell.

The enterprise value amounts to SEK 6.95 bn. For the 12-month period ending March 31, 2018, sales amounted to approximately SEK 1.2 bn. (pro forma) and the EBITDA and EBITA margins were 29-30 percent and 28-29 percent respectively. Since 2013, average annual sales growth has been approximately 20 percent, of which 11 percent organic. Continued growth in both sales and profit is expected during 2018.

Patricia Industries expects to inject approximately SEK 5.5 bn. in equity for majority ownership of the company. The remainder of the acquisition will be financed by external debt and equity participation by the management and key individuals within Piab.

“We are proud to become owners of Piab and we look forward to working together with the top-notch management team to further develop the company. Focus will remain on growth, including increased penetration in existing markets and broadening of the product portfolio, both organically and through acquisitions”, states Christian Cederholm, Co-Head Patricia Industries.

“I am thrilled for Piab to become a part of Patricia Industries and Investor. Their long-term approach, engaged ownership model and focus on innovation will clearly help propel Piab in its next development phase, not least when it comes to expansion into new markets. This will help us strengthen our market position and offering even further”, says Anders Lindqvist, CEO of Piab.

The acquisition is subject to approval by the relevant competition authorities. Closing is expected during the second quarter, 2018. The transaction is not of the kind subject to disclosure obligation by Investor AB pursuant to the EU Market Abuse Regulation.

About Piab
Piab provides smart solutions for the automated world, helping thousands of end users and machine producers in e-commerce logistics, food, pharma, automotive and other manufacturing industries to improve energy-efficiency, productivity and working environments. With 430 employees and SEK 1bn in sales 2017, Piab is a global organization, serving customers in almost 70 countries from a network of subsidiaries and distributors. By leveraging the ongoing technological development in automation and robotics, and targeting high-growth segments and geographies, Piab’s vision is to become the global leader in gripping and moving solutions. For more information, visit www.piab.com.

About Patricia Industries
Patricia Industries, a part of Investor AB, makes control investments in leading companies with strong market positions, brands and corporate cultures within industries positioned for secular growth. Our ambition is to be the sole owner of our companies, together with strong management teams and boards. We invest with an indefinite holding period, and focus on building durable value and capturing organic and non-organic growth opportunities.

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Latour acquires Johnson Level & Tool Mfg. Co., Inc.

Latour logo

Investment AB Latour has, through its subsidiary Hultafors Group AB, signed an agreement to acquire Johnson Level & Tool Mfg. Co., Inc., (“Johnson”) based in Wisconsin in the United States. Closing will take place with immediate effect.

Johnson is a well-recognized provider of layout and measuring tools, being a market leader in several channels of distribution. Net sales amounted to c:a 36 MUSD in 2017 with a profitability well in line with Latour’s financial targets. The company has 70 employees.

The acquisition is part of Hultafors Group’s strategy to strengthen its presence in North America. Through the acquisition Hultafors Group will gain access to a wide network of distribution points in relevant sales channels in the United States, as well as a complete portfolio of levels, lasers and other construction measuring, marking and layout tools.

“We are excited and honored to be given the opportunity to inherit this company, which the Johnson family has built up and developed over many, many years. Johnson brings a strong portfolio of products and customer relationships that I believe will make a significant contribution to Hultafors Group going forward”, says Ole Kristian Jødahl, CEO at Hultafors Group AB.

“Hultafors Group is a company which we have known for 30 years and we believe the long-term perspective and commitment that characterizes Hultafors Group will form an excellent foundation for further developing Johnson as a company for many years to come”, say Bill and Bob Johnson, previous owners of Johnson.

As an effect of the acquisition the net debt of Investment AB Latour is expected to increase to almost SEK 5,0 billion.

Göteborg, April 30, 2018

INVESTMENT AB LATOUR (PUBL)
Jan Svensson, CEO

For further information, please contact:
Ole Kristian Jødahl, CEO Hultafors Group AB, +47 900 88 305
Jens Eriksson, Director, M&A and Strategy Hultafors Group AB, +46 702 114 601

Hultafors Group offers a dynamic range of premium brands to rely on – for distributors and craftsmen alike. Through its various brands Hultafors Group is represented in 40 countries and has over 11,000 point of sales. Hultafors Group has 700 employees and an annual turnover of about SEK 1.9 billion.

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 50 billion. The wholly-owned industrial operations has an annual turnover of about SEK 10 billion.

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