Elanders grows by 60% via acquisition of a global Supply

New Post Public Reply Private Reply Replies (0) Message Board

News Desk 2018

Jan 7, 2014 at 2:15 AM

Elanders grows by 60% via acquisition of a global Supply Chain company with a strong presence in Asia

Elanders advances its position and expands its global offer with Supply Chain services by acquiring the Singapore-based company Mentor Media Ltd. As a result of the acquisition Elanders will increase its annual net sales from around 2.2 to 3.5 billion Swedish crowns and the number of employees will grow from approximately 1,900 to 3,600. Mentor Media will be consolidated into Elanders as of 1 January 2014, will operate as a separate subsidiary, and is expected to contribute a substantial increase in profit already in 2014. The purchase price is approximately MSEK 312 on a cash- and debt-free basis and will be financed through a combination of external debt and a new rights issue. "The acquisition of Mentor Media makes Elanders a complete supplier in Supply Chain where packaging and other printed matter are often partial components. We climb up the value chain and expand our offer to global customers. The acquisition is yet another step in our strategic positioning to reduce our exposure to traditional print and we will now create three strong areas in Elanders; Print & Packaging Solutions, Supply Chain Solutions and e-Commerce Solutions. The past few years we have rapidly transformed Elanders from a classic graphic group to a company that offers global solutions for our customers in print, packaging, e-commerce and now we add supply chain. Mentor Media has a strong position in Asia, which means that around 40 percent of Elanders' net sales will now be generated in the growth region Asia," says Magnus Nilsson, President and CEO of Elanders AB. Elanders purchases Mentor Media from an Asian investment fund and the purchase price is MUSD 48 on a cash- and debt-free basis. Mentor Media has operations in eight countries, the largest of which are China, Singapore, India and the USA. The company is also represented in Japan, Mexico, Taiwan and the Czech Republic. In 2013 the company's net sales are expected to reach MUSD 185. Mentor Media was founded in 1984, listed on the Singapore Stock Market in 1999, was acquired by a consortium of investors and subsequently taken private in 2006. Mentor Media is specialized in the provision of value added services to companies in the electronics and computer industry with special focus on product and component flows with extremely short lead times and comprehensive statistics reporting to customers. Its operations are built up around sophisticated IT solutions and its range of services includes sourcing, procuring components, warehousing and logistics management, customized manufacturing, order management and fulfilment, distribution, reverse logistics and repair services and e- Commerce solutions. "Mentor Media broadens our service offering, even in e-Commerce, both to companies and directly to consumers. It is a stable company with a good reputation, who will be able to develop Elanders' business, people and customers very positively. The acquisition is a step in Elanders' strategy of the past few years to be a global player with progressively less exposure to traditional print. Through the acquisition we also increase our geographic presence from 10 to 14 countries," continues Magnus Nilsson. "We have built a business that we are really proud of, and as a part of Elanders, we will broaden and strengthen our services to our valued customers. The collective competencies in Elanders and Mentor Media now enhance us as a full-fledged contractor of Supply Chain, Print & Packaging and e-Commerce solutions," comments Lim Kok Khoon, CEO of Mentor Media. The acquisition will be financed through a combination of external debt and a new rights issue. The bridge financing will be handled through Elanders' existing bank relations. As part of the financing of the acquisition the board of Elanders intends to suggest a new rights issue with preference for existing shareholders of some MSEK 125. The entire sum of the new issue will be guaranteed by majority owner Carl Bennet AB. A detailed time schedule and terms will be announced later. Elanders' recent acquisitions: * Fotokasten and d|o|m (e-Commerce), March 2012, Germany * Midland Information Resources (Print & Packaging), December 2012, USA * McNaughtan's (Print & Packaging), February 2013, Scotland * Myphotobook (e-Commerce), August 2013, Germany * Mentor Media (Supply Chain), January 2014, Singapore Elanders AB (publ) For further information contact: Magnus Nilsson, President and CEO of Elanders AB, +46 31 750 07 50, magnus.nilsson@elanders.com Andréas Wikner, Chief Financial Officer, +46 31 750 07 50, andreas.wikner@elanders.com Elanders discloses the information provided herein pursuant to the Securities Markets Act and/or the Financial Instruments Trading Act. The information was submitted for publication on 7 January 2014 at 8:00 a.m. [HUG#1752784]

Newer

Older

Scroll down for more posts ▼

Top 10 Most Recent News Articles

Bio-Thera's New Data: A Game Changer for NSCLC?

A Fresh Look at Lung Cancer Solutions There's fresh meat on the oncology block, with Bio-Thera Solutions swinging for the fences at ESMO 2026, spotlighting promising Phase 2 clinical data for their combo treatment in first-line non-small cell lung cancer (NSCLC). If you're tuned into the biopharmaceutical sector or just keeping tabs on global health romps, this news sets...

Amgen's IMDELLTRA® Shows Promise in SCLC Battle

Breakthrough Results in SCLC Treatment For years, small cell lung cancer (SCLC) has been the unruly beast in the oncology world, defying treatment advances and keeping survival rates stubbornly low. This nasty foe might just have met its match, folks. Amgen (NASDAQ:AMGN) announced results from their Phase 3 DeLLphi-305 trial that show their drug IMDELLTRA®, when teamed...

Swanson Nexus Pro Launch: Boost for Dietitians

By Lucas Young Updated Oct 24, 2026 Category News Views 160

Swanson Enters the Education Arena for Nutritionists Swanson Vitamins is mixing things up again! This time, they're launching something called Swanson Vitamins Nexus Pro, aimed squarely at the registered dietitians and licensed nutritionists crowd. Starting out as the place to grab your basic vitamins, Swanson's not resting on their supplement laurels. No, siree. They've...

CapCut's AI Tools Reshape Video Content Creation

AI Revolution in Marketing Content: CapCut Takes Lead It's like the old guard of marketing has hitched a ride on a rocket. In 2026, CapCut has stomped into the limelight with Better Business Advice giving them a nod for their prowess in AI-driven content creation. This isn't some passing trend; it's a seismic shift in how businesses craft their messages. CapCut ain't just...

Wenda Pharma's NHWD-870 HCl Shows Promise in Trial

Breaking Through in NUT Carcinoma Treatment Imagine battling an aggressive disease with barely any options left, and then something hopeful shows up in the pipeline. That's the story with Zhejiang Wenda Pharma's NHWD-870 HCl, an oral BET inhibitor making waves at the 2026 ESMO Annual Meeting. Facing off against the nasty beast that is NUT carcinoma, this drug didn't just...

Taiwan Fuses Ancient TCM with Modern Bio Tech in 2026

The Dynamic Fusion of Heritage and Innovation When you think about it, mixing centuries-old herbal wisdom with today's cutting-edge biotech might sound like a plot twist, but that's exactly what's cooking in Taiwan. Over at SupplySide Global 2026 in Las Vegas, Taiwan's got something more than just traditional medicine to flaunt; it's showcasing an impressive fusion of...

York Space Systems Class Action: Deadline Approaches

Rapid Deadline: October 30 Looms for York Space Systems You blink, and you might miss the deadline. We’re just a step away from deadline day in the York Space Systems’ class action lawsuit. If you've got skin in this game, time's not on your side. Shareholders, particularly those who hopped on the York Space train via their IPO back in January 2026, are staring down...

Survivors Secure $800M Settlement with NY Archdiocese

Massive Settlement: A Long-Awaited Justice Here's a different kind of news that's hitting like a thunderbolt. Over 1,300 survivors of abuse have finally struck a landmark deal with the Archdiocese of New York. Not only are the numbers staggering, but the relief for these individuals is palpable. We're talking about more than $800 million on the table here. That's some...

Hims & Hers Faces Securities Lawsuit Amid Stock Dive

Hims & Hers Takes a Hit Right out of the gate, we're seeing Hims & Hers Health, Inc. (NYSE:HIMS) embroiled in a securities class action, thanks to some good old-fashioned alleged corporate shenanigans. It's one of those times where you'd cock an eyebrow and say, "What in the world were they thinking?" The FTC has slapped them with accusations of misleading privacy claims...

Honeywell Aerospace Faces Class Action: Deadline Looms

Navigating the Legal Storm with Honeywell Look, investors never have it easy, and when lawsuits start flying like today's news about Honeywell Aerospace, you better have your wits about you. Now here comes Kahn Swick & Foti, LLC, ringing the alarm bells. Any holders of Honeywell Aerospace stocks between late June and early September of '26 are squarely in the spotlight....