Metallityö Välimäki Oy, also known as MV Center, was founded in 1982 in Nokia by the Välimäki family and is now led by two brothers in the second generation of the family business. MV Center specializes in the manufacturing of high-quality steel and aluminum doors, windows and glass facades. In addition to development and production, the company's installers carry out installation of the products in the expansive Tampere / Helsinki region. To ensure continued good development and expansion of the company, the owners now choose to sell MV Center to Inwido. With the acquisition, Inwido also sees opportunities for increased organic growth in the market for steel and aluminum doors, as well as glass facades in Finland. The company will continue to be run as a separate Business Unit within Business Area North, while at the same time being able to benefit from synergies with Inwido´s other Business Units in Finland.

- The acquisition of MV Center strengthens our presence in an expansive region of Finland with a well managed company that has a strong position in an exciting product area with good organic growth potential, says Henrik Hjalmarsson President and CEO Inwido.

- Together with Inwido, we see good opportunities to develop our family business to the next level. My brother and I look forward to working together with Inwido to realize our joint and full potential, says Tommi Välimäki, MD of MV Center.

The acquisition of MV Center is financed by available cash and will have a marginally positive impact on Inwido´s earnings per share. The purchase price is in line with Inwido´s regular multiples. The owners keep 25 percent of the shares for a period of at least three years. The purchase price for the remaining shares will be based on the future financial development of MV Center.