The Norwegian plant and hagebutikkjeden Plantation acquired by the Swedish investment company Ratos for about nok 1.2 billion.
the Plantation has today 124 stores in Norway, Sweden and Finland, and with its 1,200 employees the largest chain in the sale of plants and garden equipment. The plantation value is estimated at about 2.9 billion.
the Plantation leading market position, strong brand and product range in a market with stable growth is very attractive, the type Ratos’s acting ceo Lars Johansson in a press release.
the Acquisition is now pending approval from the authorities and is expected to be completed during the fourth quarter.
the Adventure began on Hvam
It was at Hvam in Skedsmo adventure started a aprildag in 1986. In the beginning was very much more than plants and plantetilbehør.
the Plantation revenue increased rapidly in startårene. From 1988 to 1989 increased for example from 11 to 40 million.
Later, it has increased along with the number of shops. In 2004 passed the turnover for the first time, one billion and in 2010 two billion. Later, it has been stable at about two billion.
the Plantation Norway has a total whole 1.447 employees.
the Shop at Hvam is still the chain’s flagship. It has 30 permanent employees and 70-80 in the summer season.
In 2009, Jessheim Romerikes other Plantation-shop. It has 12 permanent employees and close to 20 in the season.
the Swedish investment company
Over 90 per cent of the shares in the Plantation is currently owned by a fund managed by the british investment company Apax Partners LLP. The rest is owned by the Plantation staff and other, informs the Plantation on their websites.
Ratos is a Swedish investment company that owns and develops unlisted, medium-sized nordic companies. The company is listed on the stockholm stock exchange and has 16.100 employees and a portfolio of 21 companies, which include industrial and consumer products.
(©NTB)
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