Volati has bought all the shares in kitchens and interiors company Norholding Invest AS. The acquisition is an add-on acquisition for the Salix Group business area. Norholding Invest and its subsidiaries Nibu AS and Skandinavisk Beslagskompani AB (SkanCo) had a turnover of approx. MNOK 140 in 2021. The acquisition strengthens the Salix Group’s market position in Norway where Nibu, along with Sørbø Industribeslag AS and Gunnar Eiklid AS, will be one of the country’s leading actors in the mountings segment.
“Additional acquisitions for existing business entities are an important part of Volati’s and the Salix Group’s strategy for creating long-term value growth. They strengthen the market-position of the business entities and add more value through synergies. Norholding Invest is acquiring a well-managed company with a leading market position within kitchens and interiors, which complements our existing range,” says Martin Hansson, Managing Director of the Salix Group.
Nibu, which was founded in 1972, is one of Norway’s leading wholesalers within kitchens and interiors. The company delivers its products to kitchen stores, plumbing suppliers and the building industry. Norholding Invest also has an increasing presence in Sweden through SkanCo. This is Volati’s fifth acquisition in 2022 and the Salix Group’s second.
“With Nibu and SkanCo, we are strengthening our position in Norway and Sweden at the same time as we are creating a platform for further growth in Norway with Sørbø Industribeslag and Gunnar Eiklid. The acquisition fits well with our strategic investment in the Nordic countries and will contribute to providing customers with a better service,” says Martin Hansson.
The acquisition has been financed through Volati’s existing credit facilities with immediate access to the shares.
For further information, please contact:
Andreas Stenbäck, Managing Director of Volati AB, 070-889 09 60
Martin Hansson, Managing Director of the Salix Group, 073-345 12 25
Volati AB (publ)
Engelbrektsplan 1, 114 34 Stockholm
Tel.: 08-21 68 40
Company reg. no.: 556555-4317
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