FOR IMMEDIATE RELEASE
Stockholm, Sweden.
Management changes in Contex
Following a mutual agreement between the company and Svenn Poulsen, Svenn Poulsen has resigned his position as CEO of Ratos's Danish subsidiary Contex Group A/S. Chairman of the Board Arne Frank will take on the role of Executive Chairman and Kenneth Aaby Sachse has been appointed Acting CEO.
Svenn Poulsen will leave his position as President and CEO. Pending the appointment of a new CEO, the present CFO Kenneth Aaby Sachse has been appointed as Acting CEO of Contex A/S. Kenneth Aaby Sachse has been working within Contex since 2008. Chairman of the Board Arne Frank will take on the role of Executive Chairman.
In 2007 Ratos acquired the Danish Contex Group, a world-leading developer and manufacturer of innovative 2D and 3D digital imaging solutions. The company has three operating areas: Contex A/S is the world's largest manufacturer of wide-format scanners, Z Corporation manufactures 3D printers, Vidar Systems Corporation manufactures products for medical imaging. The Group's products are sold throughout the world. Sales in 2008 amounted to SEK 818m with an operating profit (EBITA) of SEK 92m. The Group has approximately 350 employees.
Ratos's holding in Contex amounts to 98%.
For further information, please contact:
Arne Karlsson, CEO Ratos, +46 8 700 17 00
Arne Frank, Executive Chairman Contex, +46 70 445 53 70
Clara Bolinder-Lundberg, Head of Corporate Communications Ratos, +46
8 700 17 63
Financial calendar from Ratos:
Interim Report January - September 2009 5 November 2009
Year-end report 2009 18 February 2010
Annual General Meeting 2010 15 April 2010
About Ratos
Ratos is a listed private equity company. The business concept is to maximise shareholder value over time by investing in, developing and divesting primarily unlisted companies. Ratos offers investors a unique investment opportunity. Ratos's equity is approximately SEK 16 billion and has a market capitalisation of approximately SEK 26 billion. Ratos's holdings include AH Industries, Anticimex, Arcus Gruppen, Bisnode, Camfil, Contex, DIAB, EuroMaint, GS-Hydro, Hafa Bathroom Group, Haglöfs, HL Display, Inwido, Jøtul, Lindab, MCC, Medisize, Scandinavian Business Seating, Superfos and Other holdings.
About Contex:
As the world’s largest developer and producer of large format imaging solutions, Contex leads the market with innovative technology and advanced scan and copy software applications. Sold worldwide in over 80 countries, Contex solutions are recognized in a wide range of industries for reliability, value, high performance, and superb image quality. For more information, please visit www.contex.com.
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A note for readers interested in buying a Contex scanner :
For further information on Contex scanners or buying a Contex imaging solution, please see our Scanners4CAD website. It provides comprehensive information on Contex wide format scanners and Contex large format scanning solutions. If you want to understand how Contex imaging systems work and how they became a wide format scanner market leader, please refer to Scanners4CAD. It carries objective advice on market leading scanners, all aspects of wide format scanning, the practical use of a large format scanner like a Contex SD Series or Contex HD Series or even Contex G600 large format scanners running Contex software like Nextimage, iJET or JETimageNET.
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