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Fagerhult AB Acquires I-Valo Oy


Tuesday, 11 Jun 2013 09:01am EDT 

Fagerhult AB announced that in order to further strengthen the Fagerhult group position in the European lighting market as well as adding a complementary product range, the Company has acquired 100% of the shares of I-Valo Oy based in Iittala, Finland. The acquisition is expected to have a positive effect on the earnings per share during 2013 and forward. Valo has 60 employees and manufactures lighting fixtures and solutions primarily for industrial applications located in very demanding conditions. Fagerhult pays a price of EUR 9 million on a cash and debt free basis, for 100% of the shares in I-Valo. 

Company Quote

140.0
-1.5 -1.06%
22 Aug 2014