Fiskars Oyj completed the acquisition of Royal Copenhagen A/S from Royal Scandinavia A/S.
January 04, 2013 at 09:30 am IST
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Fiskars Oyj (HLSE:FIS1V) signed a definitive agreement to acquire Royal Copenhagen A/S from Royal Scandinavia A/S for DKK 490 million on December 12, 2012. Royal Copenhagen A/S reported net sales of DKK 492.3 million and EBIT of DKK 38.7 million for the year 2011. The transaction will be financed using Fiskars Oyj existing credit programs and the transaction is expected to be completed in first quarter of 2013. The acquisition is expected to have a positive effect on Fiskars Oyj EBIT from 2013 onwards. Oscar Mosgaard, Kasper Elton Koch, Martin Højbjerg and Peter Balslev of FIH Partners acted as the financial advisors to Royal Scandinavia A/S. Mazanti Andersen Korso Jensen & Partner acted as the legal advisor to Royal Scandinavia A/S. HLP Corporate Finance Oy acted as the financial advisor and Hannes Snellman Attorneys Ltd. acted as the the legal advisor to Fiskars Oyj. Sarah Canning-Jones, Suthida Chettasiripong, Simon Makinson of Allen & Overy LLP acted as legal advisors to Fiskars. William Blair & Company, L.L.C. acted as financial advisor for Fiskars Corporation.
Fiskars Oyj (HLSE:FIS1V) completed the acquisition of Royal Copenhagen A/S from Royal Scandinavia A/S on January 4, 2013.
Fiskars Oyj Abp is a Finland-based company that is engaged in the manufacturing and markets branded consumer goods globally. The Company operates through four segments: The Vita, that offers luxury products for the tableware, drinkware and interior categories. It consists of brands such as Iittala, Royal Copenhagen, Waterford and Wedgwood; The Terra consists of the gardening, watering, and outdoor categories. The brands include Fiskars, Gerber and Gilmour; The Crea consists of the scissors and creating as well as the cooking categories, mainly with the Fiskars brand. The Other segment contains the Groupâs investment portfolio, the real estate unit, corporate headquarters and shared services. The Companyâs international key brands are Fiskars, Gerber, Iittala, Royal Copenhagen, Waterford and Wedgwood.
FISKARS OYJ ABP 
