Investment AB Latour (publ) has acquired 23,000,000 shares in Tomra System ASA, corresponding to 15.5 percent of both votes and capital. The acquisition price is NOK 38.50 per share, which is approximately SEK 1,040 m.
Tomra will be a long-term holding in Latour's investment portfolio. Tomra works with sorting and recycling, areas that we believe have a good potential for a stable and long-term international growth. This makes Tomra suitable for Latour's investment portfolio and it will support Latour's intention to grow internationally, says Jan Svensson, President and CEO of Latour.
Tomra Systems ASA is a listed Norwegian company that had net sales of NOK 3.5 billion in 2010 with very good profitability. The company has over 2,000 employees and is represented on more than 50 markets all over the world. Tomra's operations are divided into three areas that are all based on optic recognition technologies. To the general public Tomra is primarily known for its machines for recycling deposit bottles and cans in supermarkets. Tomra's applications are also used for sorting in food production, mining and recycling.
Investment AB Latour is a mixed investment company consisting of an investment portfolio that had a market value of about SEK 12 billion before the acquisition of Tomra, and a wholly owned industrial operations with total net sales of about SEK 7 billion.
Gothenburg 5 December 2011
Investment AB Latour (publ)
Jan Svensson
President and CEO
For further information please contact:
Jan Svensson, President and CEO, tel +46 705 771 640
Andreas-Örje Wellstam, business development Latour, tel +46 727 300 761
The information in this press release is disclosed pursuant to the Securities Markets Act and/or the
Financial Instruments Trading Act. The information was made public on 5 December 2011 at 7.00 p.m.