Altor
Altor acquires CTEK Creator Group (Cision)

2011-06-07 08:15
Altor acquires CTEK Creator Group Altor Fund III ("Altor") has signed an agreement to acquire CTEK Creator Group ("CTEK"), the world leading advanced switch mode battery charger company from FSN Capital. CTEK is the world's premier provider of advanced switch mode battery chargers and ancillary equipment. From its base in Vikmanshyttan, Sweden, CTEK has developed battery chargers that continuously become top rated when comparing to alternatives and in a user friendly way help people maintain and optimize all their vehicle power supplies. CTEK's main markets include the Nordics, Germany, Benelux and Italy and the company had a turnover of SEK 334 million in 2010. "CTEK has shown an impressive ability to combine technology advantage, customer value and market communication to build leading market positions across the geographies where the company has promoted its products. Altor looks forward to continue to drive strong growth on the back of features like better battery performance, longer battery life time and lower costs together with less environmental impact" said Stefan Linder, Partner at Altor Equity Partners. The transaction is expected to close in June subject to customary closing conditions. For inquiries please contact: Stefan Linder, Partner, Altor Equity Partners AB (+46 8 678 9100) ----------------------------------------------------------- This information was brought to you by Cision http://www.cisionwire.com http://www.cisionwire.com/altor/r/altor-acquires-ctek-creator-group,c9130997

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