The Swedish industrial group Volati has signed an agreement to acquire the Interket Group. The acquisition strengthens the European presence of Volati's subsidiary Ettiketto Group and expands its position in the market for self-adhesive labelling solutions. The transaction is expected to be finalised at the end of January.
Volati acquires all shares in the Interket Group, a provider of self-adhesive labels with activities in Sweden, Germany, the Netherlands and the United Kingdom. The acquisition is structured as an add-on to the Ettiketto Group and is intended to expand the platform both geographically and operationally. Interket has an annual turnover of around 450 million Swedish kronor (approx. 42.3 million euros).
The acquisition establishes the Ettiketto Group for the first time in the Netherlands and the United Kingdom, while at the same time further expanding its market position in Germany and Sweden. According to the company, Interket's product portfolio and technical expertise complement the existing offering and create the conditions for operational improvements and synergies.
Focus on efficiency and profitability
The Interket Group's margins are currently well below those of the Ettiketto Group, according to reports from Stockholm. Volati sees potential to gradually increase profitability on the basis of previous acquisitions. Plans include more efficient processes, better utilisation of production capacities and greater coordination in purchasing and production. The effects of these measures are expected to unfold primarily in the first two years after the acquisition.
Andreas Stenbäck, CEO of Volati, said: „We are seeing strong acquisition activity within our platforms, which creates favourable conditions for add-on acquisitions. The acquisition of Interket is a natural next step in the development of the Ettiketto Group. It strengthens our presence in existing core markets and gives us an entry into new geographic markets - in line with our ambition to build a scalable European platform for labelling solutions.“
Rikard Ahlin, CEO of the Ettiketto Group, also emphasised the strategic fit of the acquisition and said: „Interket has a strong position in several European markets and complements the Ettiketto Group very well. Together, we are creating the conditions for further development with a focus on customer benefit and efficiency.“
Part of the long-term growth strategy
Acquisitions are a central component of Volati's business model. The aim is to further develop existing platforms through organic growth, operational improvements and targeted acquisitions. The acquisition of Interket is the Group's third add-on acquisition in twelve months and increases the Group's total annual revenue by around 785 million Swedish kronor. The acquisition will be financed via Volati's existing credit lines.
Source: Volati
