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2016-05-13

Inwido: Inwido completes acquisition of Värmelux in Finland

This information is such that Inwido AB (publ) is obliged to publish
in accordance with the Swedish Securities Market Act and/or Financial
Instruments Trading Act. The information was submitted for
publication on Friday, 13 May 2016 at 7:45 a.m.

The Competition Authority has approved Inwido's acquisition of the
Finnish window and door company Värmelux Oy, which owns and operates
the Lämpölux brand in Finland. With the approval, Inwido acquires
82.77 percent of the shares in Värmelux for EUR 20.5 million,
corresponding to a value of EUR 43.5 million for 100 percent of the
company on a debt-free basis. Inwido also has an option to gradually
acquire the remaining 17 percent of shares, which are held by senior
executives of Värmelux, by the first half 2019.

Värmelux Oy, which owns and operates the Lämpölux brand, sells and
installs windows, doors and garage doors in wood and wood/aluminium
through 18 sales offices across Finland. The company currently has
some 200 employees and generated sales of slightly more than EUR 30
million in 2015. Värmelux has no proprietary production but is a
customer of Inwido in Finland, among others, which provides
opportunities for synergies. The acquisition is expected to
strengthen Inwido's position in the Finnish market.

The purchase consideration on exercising the option will be based on
Värmelux's financial performance up until 2019. The transaction will
have a positive impact on Inwido's earnings per share. The
acquisition of Värmelux Oy is being financed by raising new loans and
utilising existing liquidity.

For more information, please contact:
Inwido AB
Håkan Jeppsson, President and CEO Tel.: 46 (0)10-451 45 51 or 46
(0)70-550 15 17

Peter Welin, CFO Tel.: 46 (0)10-451 45 52 or 46 (0)703 24 31 90
E-mail: peter.welin@inwido.com
About Inwido
Inwido is Europe's largest supplier of windows and doors. The company
has operations in Denmark, Finland, Norway, Sweden, Austria,
Estionia, Ireland, Lithuania, Poland and the UK, as well as exports
to a large number of other countries. The Group markets some 20
strong local brands including Elitfönster, SnickarPer, Hajom,
Hemmafönster, Outline, Tiivi, Pihla, Diplomat and Sokolka. Inwido has
approximately 3,400 employees and generated sales of slightly more
than SEK 5.2 billion in 2015. The Group's headquarters are located in
Malmö, Sweden. For further information, please visit www.inwido.com

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http://news.cision.com/inwido/r/inwido-completes-acquisition-of-varmelux...
http://mb.cision.com/Main/883/2008151/515124.pdf

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