Bisnode acquires Lindorff Decision and Lindorff Match in Norway
2011-02-22
This information is disclosed in accordance with the Securities Markets Act, the Financial Instruments Trading Act or demands made in the exchange rules.
Ratos's subsidiary Bisnode has acquired the credit information company Lindorff Decision and 90.1% of the market information company Lindorff Match in Norway from Lindorff. The purchase price (Enterprise Value) amounts to approximately SEK 242m and will be financed through funds available in Bisnode.
Lindorff Decision supplies credit information and decision-support systems (Credit Solutions) and Lindorff Match provides market information (Marketing Solutions). The companies operate in the Norwegian market and will be integrated with Bisnode's existing operations and databases.
Lindorff Decision and Match had combined sales of approximately SEK 115m in 2010, an operating profit (EBITA) of approximately SEK 26m and 37 employees.
"These acquisitions strengthen our Nordic market position and Bisnode will now be the leading provider of credit and market information solutions in the Norwegian market. The acquisitions complement Bisnode's operations very well and are expected to generate significant synergy effects and create opportunities for growth," says Bisnode's President and CEO Johan Wall.
The acquisitions are subject to approval from the relevant competition authorities.
Ratos's holding in Bisnode amounts to 70%.
For further information, please contact: Johan Wall, President and CEO Bisnode, +46 8 558 059 31 Henrik Joelsson, Investment Director Ratos, +46 705 13 43 21 Emma Rheborg, Head of Corporate Communications and IR Ratos, +46 733 80 22 63
Financial calendar from Ratos:
Annual General Meeting 2011 5 April 2011
Interim Report January - March 2011 5 May 2011
Interim Report January - June 2011 19 August 2011
Interim Report January - September 2011 9 November 2011
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, GS-Hydro, Hafa Bathroom Group, HL Display, Inwido, Jøtul, KVD Kvarndammen, Lindab, Medisize, Mobile Climate Control, SB Seating, Stofa and Other holdings. Ratos is listed on NASDAQ OMX Stockholm and market capitalisation amounts to approximately SEK 37billion.
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