Investment AB Latour (publ) has committed to acquire 30.1 percent of the shares in Troax Group AB (publ) coinciding with the company’s planned IPO on Nasdaq Stockholm. The acquisition will be completed ahead of the listing of the company shares, which is expected on 27 March, 2015
The company is a leading global supplier of indoor perimeter protection with three core business areas: Automation and Robotics, Material Handling and Logistics, and Property Protection. The main product is metal-based mesh panels. Troax is based in Hillerstorp, Sweden, where the majority of production takes place. The company is currently represented in 31 countries with 35 sales offices and 7 distribution hubs employing approximately 400 employees.
Göteborg, 16 March 2015
Investment AB Latour (publ)
Jan Svensson
President and CEO
For further information please contact:
Jan Svensson, President and CEO Investment AB Latour, Tel. +46 705 77 16 40
Pär Arvidsson, Director of Business Development Investment AB Latour, +46 703 24 72 53
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 nine substantial holdings that had a market value of about SEK 31 billion as of 31 December 2014. The wholly-owned industrial operations generated a turnover of approximately SEK 7.6 billion in 2014.