The company Bedst & Billigst was one of the first movers in the Business-to-Consumer e-commerce market in Denmark. Today the group owns and drives web-shops in Denmark, Norway and Sweden. The group has production facilities in Romania and Denmark.
“We’re very pleased that the acquisition has now fallen into place. We already have a strong position in the e-commerce market for windows and doors targeting the private consumers, which makes this acquisition a perfect match and supplement to our other e-commerce brands.” says Håkan Jeppsson, President and CEO at Inwido. “As within many other product categories we see that an increasing number of consumer groups prefer to buy their windows and doors on-line, whenever and wherever they want. With this acquisition we can meet their needs even better.”
With this acquisition, Inwido continues to expand its position on the e-commerce market of windows and doors in Europe. Bedst & Billigst group will become part of the Business Area Emerging Business Europe within Inwido which holds the Business Unit e-Commerce. Bedst & Billigst groups brings along Bedst & Billigst and Danske Vinduer in Denmark, Bonusfönster in Sweden and Best & Billigst in Norway.
The acquisition will be a minor part of the Inwido Group and will have a positive effect on Inwido's earnings per share 2018. The purchase price is in line with Inwido's regular multiples and is financed by a new bank loan. The acquisition is subject to that required investments are made in the business in order to secure the planned growth.
Read the pressrelease in the pdf attached