Inwido AB (OM:INWI) acquired 65% stake in Hyvinkään Puuseppien Oy from Ilkka Turpiainen.
May 30, 2022
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Inwido AB (publ) (OM:INWI) acquired 65% stake in Hyvinkään Puuseppien Oy from Ilkka Turpiainen on May 31, 2022. The owners retain 35 percent of the shares for a period of at least two years. The purchase price for the remaining shares will be based on the future financial performance of Hyvinkään Puuseppien Oy. The acquisition Hyvinkään Puuseppien Oy is financed through available cash and will have a marginally positive impact on Inwido's earnings per share during 2022. Hyvinkään Puuseppien will in connection with the deal be an independent business unit within Inwido while at the same time benefitting from synergies with Inwido's central purchasing organization. In the last financial
year, the company reported sales of approximately SEK 40 million.
Inwido AB (publ) (OM:INWI) completed the acquisition of 65% stake in Hyvinkään Puuseppien Oy from Ilkka Turpiainen on May 31, 2022.
Inwido AB (publ), is a Sweden-based manufacturer of windows and doors. The Company develops, produces and sells environmentally friendly wooden windows and aluminum clad wooden windows and doors, as well as provides a range of related services and accessories to consumers, carpenters, middlemen, building companies and manufacturers of prefabricated homes. It is divided in four segments: Sweden; Nordic, comprising markets of Denmark, Finland and Norway; Europe, including operations in Poland, the United Kingdom, Ireland, Russia and Austria; and Supply, which comprises five special production companies that provide components and services within windows and doors. The offering of Inwido AB (publ) is available under such brands as: Elitfonster, Diplomat, Hajom, SnickarPer, Sokolka, Pihla, Tiivi, KPK, Lampolux and Outline. The Company has more than 50 subsidiaries.
INWIDO AB 
