HL Display is acquiring Display Italia with a revenue of EUR 10M. The acquisition will strengthen HL Display's customer base and position as a leading supplier for in-store merchandising and communication solutions to grocery retailers in
Display Italia, based in
"With the acquisitions of Display Italia, HL Display has now completed its third bolt-on acquisition in 2021, in line with its communicated strategy. The acquisitions strengthen HL Display's overall business, are strategically important and contribute financially through cost and revenue synergies. I am very impressed with how HL Display has been able to execute on its inorganic growth ambition throughout the year." says Joakim Twetman, Head of Business Area Industry. "For Ratos, add-on acquisitions is one of the key initiatives to meet our financial targets."
"Since the start of our partnership in 1989, Display Italia has built a very strong market presence in
The acquisition was completed on
For further information, please contact:
+46 76 114 54 21
josefine.uppling@ratos.com
Joakim Twetman, Head of Business Area Industry, Ratos
+46 70 339 16 66
joakim.twetman@ratos.com
+46 72 264 17 90
bjorn.borgman@hl-display.com
About HL:
HL is a global leader in in-store merchandising and communication solutions, helping customers to create a better shopping experience around the world. Founded in 1954, HL today is present in more than 70 countries and solutions can be found in 295,000 stores, helping customers to grow sales, inspire shoppers, drive automation and reduce waste.
Ratos is a business group consisting of 12 companies divided into three business areas: Construction & Services, Consumer and Industry. In total 2020, the companies have approximately
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