Nybron AB concludes acquisition of French parquet company Parquets Marty
Skanska's wood-flooring group Nybron AB and Parquets Marty have signed the agreement covering Nybron's acquisition of the French parquet company in accordance with the previously announced letter of intent. The purchase price is FFR 420 million, or SEK 570 million.
| PRESS RELEASE, MARCH 23, 1999 28/99 Nybron AB concludes acquisition of French parquet company Parquets Marty Skanska's wood-flooring group Nybron AB and Parquets Marty have signed the agreement covering Nybron's acquisition of the French parquet company in accordance with the previously announced letter of intent. The purchase price is FFR 420 million, or SEK 570 million. Parquet Marty is a market leader, with 30% of the French market. The company specializes in finished surface-treated laminated parquet. With the acquisition of Marty, Nybron has sales of slightly more than SEK 2.7 billion, making it the leading wood-flooring company in Europe. Key figures, Parquets Marty
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| SEK M | |
| Net sales | 724 |
| Operating income | 109 |
| Income after net financial items | 97 |
| Net income after taxes | 51 |
| Total assets | 637 |
| Return on capital employed | 18% |
| Net sales by country (SEK M): | |
| France | 434 |
| Belgium | 109 |
| Germany | 65 |
| Netherlands | 58 |
| Other | 58 |
| Number of employees | 530 |
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Nybro, March 23, 1999 SKANSKA AB
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