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Ratos invests €50m for LED maker Ledil majority stake

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LEdilSwedish private equity investor Ratos has agreed to pick up two-thirds of the shares in Finnish LED optics business Ledil in a deal which values the company at about €97m.

Ratos is providing €50m of equity through the deal for Ledil, which launched in 2002.

In the split financial year of 2013/2014, Ledil’s sales totalled €24.5m with an operating profit (EBITA) of €7.1m.

Since 2009/2010, Ledil has had an average organic growth of 40 per cent per year with good profitability, the company said.

Ratos CEO Susanna Campbell said, “Ledil is a fast-growing, profitable and innovation-focused company that has created a strong market position within its niche in just a few years.

“The company’s opportunities for continued growth within several product areas and geographies, combined with the underlying growing demand for energy-efficient, environmentally friendly and high-quality LED lighting, mean that we see Ledil as a very exciting investment.

“The experience and innovative powers of its founders, combined with our experience of supporting companies in growth phases and further develop organisations, create exciting opportunities for us to take the company to the next level.”

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