Elanders AB: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
Provider: Wright Reports
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Elanders AB to Acquire Midland Information Resources
Elanders AB (Elanders) announced that it has signed an agreement to acquire the American company Midland Information Resources (Midland). This acquisition is a continuation of Elanders' international expansion and it will extend its presence on the United States (US) market. Midland is located in Davenport, Iowa, US, and is a company in global print management with its solutions for content management services, just-in-time-deliveries in digital print, as well as fulfillment and distribution. Among the clients are several Fortune 500 companies which Midland serves with global deliveries around the world. By acquiring Midland Elanders gains access to both solutions and technique in digital print, as well as a customer base where more than 50% of the company's net sales come from Fortune 500 companies. The combination of Midland and Elanders not only opens up further expansion on the North American market but entails greater global expansion in common customer segments as well. Midland will continue to be run under its current name and management. The purchase price is expected to amount to USD 23 million and the acquisition will be financed with cash and loans. Midland is expected to contribute positively to Group profits already in 2013.
Latest Developments for Elanders AB
- Elanders gives notice of redundancy affecting 120 employees
- Elanders AB maintains FY 2014 profit guidance
- Elanders proposes FY 2013 dividend of SEK 0.80 per share; forecasts profit improvement in FY 2014
- Elanders AB grows by 60 pct via acquisition of a global Supply Chain company with a presence in Asia
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