Press release
MARCH 2, 2022
Inwido continues its consolidation journey and acquires Dekko Window Systems Ltd
With the acquisition of Dekko Window Systems in the UK, specializing in windows and doors, entrance doors and folding doors as well as patio doors in PVC, aluminum and composite materials, Inwido adds a another successful activity at Business Western Europe. The company has approximately 200 employees and a production facility in Greater Manchester. In the last financial year, the company achieved a turnover of approximately 280 million Swedish crowns.
Dekko Window Systems Ltd was founded in 2008 by Gary Torr and Kurt Greatrex who are now selling their business to Inwido to ensure continued development and expansion of the business. Dekko Window Systems sells its products to the consumer market, home builders and through architects in commercial properties and new construction.
The company will continue to operate as a separate business unit in the Western Europe business area while benefiting from, among other things, synergies with Inwido’s central purchasing office as well as other business units in the UK. -United.
“The acquisition of Dekko Window Systems strengthens our presence in the UK, which is one of Europe’s largest markets for windows and doors. We are acquiring a well-run and successful business with a strong product offering and a good potential for organic growth. The acquisition is yet another step towards achieving our ambitious growth objectives,” said Henrik Hjalmarsson, President and CEO of Inwido.
“Inwido is a leading, responsible and successful window and door group that we look forward to being a part of. By strengthening our business through Inwido’s competence and strong position, we see good opportunities to accelerate our own development and continue to gain market share in the UK market,” says Gary Torr, MD and one of the founders of Dekko Window Systems Ltd.
The acquisition of Dekko Window Systems Ltd is being financed by free cash and will have a slightly positive impact on Inwido’s earnings per share in 2022. The purchase price is in line with Inwido’s usual multiples. The owners retain 30% of the shares for a period of at least three years. The purchase price for the remaining shares will be based on the future financial performance of Dekko Window Systems Ltd.
For more information please contact:
Henrik HjalmarssonPresident and CEO
Tel: 46 (0)76-846 20 46, [email protected]
Tobias Rydergren, PR & Communication Manager
Tel: 46 (0)70-25523 61, [email protected]
Inwido improves people’s lives indoors with windows and doors. As Europe’s leading window group, Inwido’s business concept is to develop and sell the best custom window and door solutions on the market through a decentralized structure and with a focus on the market. focused on consumers to create long-term sustainable growth, organically and through acquisitions. . Inwido consists of 29 business units with approximately 4,600 employees in eleven countries. In 2021, group sales amounted to SEK 7.7 billion with an EBITA operating margin of 11.7%. Inwido has been listed on Nasdaq Stockholm since 2014. Follow Inwido on LinkedIn
Inwido AB | Engelbrektsgatan 15 | SE-211 33 Malmo | www.inwido.com | Corp. No: 556633-3828
