NEWS

18/11/2011

THE COESIA GROUP ACQUIRES FLEXLINK, THE WORLD LEADING PRODUCTION LOGISTICS PROVIDER

The Coesia Group has signed an agreement for the acquisition of 100% of FlexLink Holding AB from AAC Capital Partners, subject to customary antitrust approval.

With forecast revenues of approx. SEK 1.6 billion for 2011 (approx. Euro 175 million), FlexLink is the world leader of high end production logistics solutions for the Healthcare, Consumer Goods (FMCG), Electronics and Automotive industries. Headquartered in Gothenburg (Sweden), FlexLink has more than 800 employees and operates in 26 countries across the world.

"We are very pleased that FlexLink and its excellent management team are joining the Coesia Group. FlexLink is the global leader in production logistics, an area of high added value to our leading industrial customers. We intend to continue investing in FlexLink's technology platform and global presence", said Angelos Papadimitriou, Chief Executive Officer of Coesia Group.

Mattias Perjos, CEO of FlexLink comments: "As a part of the Coesia Group, with its solid industrial background, we will further develop and strengthen our know-how and global footprint to the benefit of our customers, partners and employees".