The Daetwyler Group on 29 April 2008 completed the acquisition announced on 19 March 2008 of the Swedish ELFA Group held by Industri Kapital, Stockholm. The antitrust authorities approved the transaction without imposing any restrictions. Thus, all terms of the contract have been fulfilled and Daetwyler Holding Inc. has become the owner of the ELFA Group. ELFA ideally complements the Daetwyler catalogue distributor Distrelec, both with regard to product range as well as market presence. Within the context of the semi-annual reporting 2008, definition and attribution of the final purchase price will be determined in accordance with IFRS.
ELFA (www.elfa.se)
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ELFA (www.elfa.se)
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