Ferronordic’s Board has decided to redeem B-preference shares and to issue ordinary shares of series 2
Access to this information is limited to persons resident and physically present in Sweden and to authorized persons who are resident and physically present in other jurisdictions outside Australia, Canada, Hong Kong, Japan, New Zealand, South Africa, Switzerland, the United States of America (including its territories and possessions), any state of the United States, and the District of Columbia (“USA”).
To access this information, please refer to http://ferronordic.ru/en/ipo
Your subscription is now saved and you will receive an e-mail to verify your address and activate your subscription.
Latest press releases
Interim report 1 January – 30 September 2023
Q3 2023: Weak operationally. Key strategically.
Ferronordic expands to the USA – acquires one of the country’s largest Volvo Construction Equipment dealers
Ferronordic has entered into an agreement to purchase Rudd Equipment Company, Inc. (“Rudd”), one of the largest dealers of Volvo CE in the United States with operations in all or parts of nine states. Ferronordic thereby takes its first step to expand into the important US market. The purchase price amounts to USD 95.0m, corresponding to 5.8 x 2022 adjusted earnings before tax. In 2022, Rudd had sales of USD 308.3m with an operating income of USD 16.5m and earnings before tax of USD 16.4m (both adjusted to IFRS). In addition, Ferronordic acquires two real properties for USD 10m, currently rented by Rudd.