SWEDEN - Ratos plans to invest SEK 300m for 60% of MCC

Ratos is to acquire 60% of the heating and air conditionings systems (HVAC) company Mobile Climate Control (MCC) from its founder Gunnar Mannerheim for approximately SEK 300m. The company’s senior executives will remain in their present positions. The company’s founder and CEO, Gunnar Mannerheim, intends to reinvest some of the purchase price in the acquisition company through which Ratos will acquire MCC and will subsequently own 40% of the company post aquisition. Ratos’s acquisition is among others subject to approval from the appropriate authorities.