Viken, Sweden—Välinge Invest AB, owned by the family Perván, and Nordstjernan Investment have agreed that Välinge Invest will acquire all Nordstjernan’s shares in Välinge Flooring Technology (VFT), which is the parent company of the Välinge Group (Välinge).
The Parties have agreed to settle all disputes.
“Välinge is a unique company with good profitability,” said Tomas Billing, CEO of Nordstjernan. “Nordstjernan has been a shareholder in Välinge since 2002 and during that time the company has evolved from a project company to a global leader. Earnings have multiplied ten times and Nordstjernan’s investment has generated a high return.”
“Nordstjernan has been a shareholder in Välinge for eight years and has got a good return on its investment as a result of continuous technical development,” said Darko Perván, CEO of Välinge. “The acquisition increases Välinge Invest AB’s shareholding from 50% to 100% of the parent company VFT that owns 60% of Välinge. We are increasing our shareholding in order to streamline decision-making, to strengthen our long-term investment in new technologies and to diversify into other areas.”