Nordic Business Report-May 3, 2006-Montagu Private Equity to acquire LOGSTOR
(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
The London-based private equity investor Montagu Private Equity said on Wednesday (3 May) that it is to acquire Danish pipe systems manufacturer LOGSTOR from Danish investment companies Axcel, Polaris and FIH.
LOGSTOR was formed through the merger of Logstor Rar A/S and Alstom Power FlowSystems A/S in August 2005.
LOGSTOR has sales of EUR250m in approximately 50 countries, operating profit (EBITDA) of more than EUR25m and 1,300 employees in eight European production facilities and eleven sales offices.
The acquisition price was not disclosed.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
((Comments on this story may be sent to [email protected]))
