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2016-03-15

Inwido: Inwido signs agreement to acquire Outrup Vinduer & Døre in Denmark as part of a changeover between generations

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 Tuesday, 15 March 2016, at 8:45 a.m.

Inwido, Europe's largest supplier of windows and doors, has signed an
agreement to acquire 25 percent of the shares in Danish window
company Outrup Vinduer & Døre. The parties have also agreed that the
remaining shares will be acquired in early 2018 (65%) and 2019 (10%).
The acquisition strengthens Inwido's position in the Danish market
and is expected to generate significant opportunities for expansion
and synergies with Inwido's existing operations.

Outrup was founded in 1968 by Harry Ringgaard whose son Mogens now
manages the company and is its principal owner. The company sells and
produces windows and doors in wood and wood/aluminium for the Danish
market. The company has a strong position, particularly among
carpenters, and is focused on energy-efficient and modern window and
door solutions.

"Outrup's windows and doors are right for the times with their design
and energy efficiency. The acquisition strengthens our offering in
Denmark while Outrup's expertise will be used to great advantage in
our other companies," says Håkan Jeppsson, President and CEO of
Inwido.

Outrup has approximately 150 employees and production takes place at
the factory in Outrup on the Danish island of Mors. In 2015, sales
amounted to approximately DKK 180 million. Due to the structure of
the acquisition agreement, coordination with Inwido's other
operations will not commence until January 2018 at the earliest. It
will also not be until then that the main synergies will arise.

"Inwido is an active, credible and energetic company that is in many
respects a role model in our industry," says Mogens Ringgaard. "The
Group's strategy of decentralized management and local production
also fits well, and consequently the plan is to continue production
in Outrup. I feel confident that this will be successful for all
parties involved."

The acquisition is subject to the approval of the relevant competition
authorities.

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

Jonna Opitz, SVP Marketing, Sales & Communication Tel.: 46 (0)10-451
45 58 or 46 (0)722 11 90 10

E-mail: jonna.opitz@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-signs-agreement-to-acquire-outrup...
http://mb.cision.com/Main/883/9934087/488440.pdf

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