Sale to VBG Group

Industrial
Sale to VBG Group

Summary

Baird served as the exclusive financial advisor to Ratos AB on this transaction

About

Mobile Climate Control Group Holding AB (“Mobile Climate Control” or the “Company”), a subsidiary of Ratos AB (“Ratos”) (OM:RATO B), was recently acquired by VBG Group AB ("VBG") (OM:VBG B) for a total consideration of approximately SEK 1.8 billion (approximately $200 million at FX rate as of 10 November 2016).

Mobile Climate Control is a global supplier of climate control solutions with high demands on product performance and quality for commercial vehicles produced in lower volumes. The climate control systems are designed to customer specifications and include heating and/or cooling (HVAC) to provide comfort for drivers and passengers. Approximately 80% of the Company’s sales are generated in North America and the remainder in Europe as well as the rest of the world. Major production plants are located in Canada, the United States and Poland. The Company is headquartered in Stockholm, Sweden.

Ratos is an investment company that owns and develops unlisted medium-sized companies in the Nordic countries. Ratos’s goal as an active owner is to contribute to long-term and sustainable business development in the companies it invests in and to make value-generating transactions. Ratos’s portfolio consists of over 20 medium-sized Nordic companies and the largest segments in terms of sales are Construction, Industrials and Consumer Goods/Commerce. Ratos is headquartered in Stockholm, Sweden.

VBG Group AB is an international industrial group with approximately 750 employees in 16 countries. VBG currently operates in three business divisions – VBG Truck Equipment, Edscha Trailer Systems and Ringfeder Power Transmission. VBG is headquartered in Vänersborg, Sweden.

For additional information about this transaction, please contact:

Vinay Ghai +44 (0) 207 667 8225
Adam Czaia +1 (414) 298 7358
Sven Harmsen +49 (0) 691 301 4956
Paul Bail +44 (0) 207 667 8271
David Schreiter +44 (0) 207 667 8221
Industrial
Sale to VBG Group
Date
November 2016
Company
Mobile Climate Control Group
Transaction
M&A
Sectors
Industrial
Target Location
Europe
Acquiror Location
Europe

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