Nordic Business Report-July 24, 2006-Wolseley Plc acquires DT Group A/S
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The United Kingdom based heating and plumbing products distributor Wolseley Plc announced on Monday (24 July) that it has agreed to acquire Danish building materials distributor DT Group A/S (formerly Dansk Traelast) from the private equity firm CVC Capital Partners.
The purchase price is EUR1,498m in cash, in addition to which Wolseley will assume debt of EUR484m.
DT Group has 8,000 employees and operations at some 256 locations in the Nordic region. The company reported revenues of EUR2.4bn in 2005.
One euro (EUR) is worth approximately 0.69 British pounds (GBP).
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