The Norwegian plant and garden store chain Plantasjen has been acquired by the Swedish investment company Ratos for NOK 1.2 billion.
Plantasjen currently has 124 stores in Sweden, Norway and Finland and is with its 1,200 employees Scandinavia’s largest brand in sales of plants and garden equipment. The Plantasjen value is estimated at about 2.9 billion.
– The Plantasjen leading market position, strong brand and product range in a market with stable growth is very attractive, Ratos’s acting CEO Lars Johansson writes.
The acquisition is now awaiting approval from the authorities and is expected to be completed during the fourth quarter.
Ratos is a Swedish investment company which owns and develops unlisted SME companies.
The company is listed on the Stockholm Stock Exchange and has 16 100 employees and a portfolio of 21 companies which include industrial and consumer produce.
Source: NTB scanpix / Norway Today