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Beskrivning
Land | Sverige |
---|---|
Lista | Mid Cap Stockholm |
Sektor | Industri |
Industri | Industriprodukter |
Inwido acquires Fast Frame in Nottingham, England, a company specializing in the manufacturing and supply of PVCu windows and doors for both commercial and trade. The transaction, which is a bolt-on acquisition to Dekko Window Systems, provides sales and cost synergies, as well as an opportunity to expand in the commercial construction market with a broader, more comprehensive product range.
Fast Frame was founded in 2002 by Mark Coppin and Paul Moody to supply assembled PVCu windows and doors to the commercial and trade sectors. The company has established a strong presence in the commercial sector with its high-quality PVCu products, but currently lack an in-house aluminum offering, which is increasingly favored for modern architectural designs. With 25 employees, Fast Frame generated sales of approx. GBP 7m and higher profitability than the Inwido average in FY2024/2025.
"By acquiring Fast Frame, we can integrate products from Inwido's business unit Dekko into their portfolio, allowing us to capture a broader share of the commercial market", says Fredrik Meuller, Inwido CEO and continues; "Fast Frame and Dekko have had a professional relationship for many years, where Dekko has supplied aluminum windows and doors to several different Fast Frame projects, mainly in the commercial sector. The acquisition offers a unique opportunity to enhance Inwido's market position to meet the evolving needs and demands within commercial construction."
Inwido acquires 85 percent of the shares in Fast Frame upfront from the owners, with a call/put option to acquire the remaining 15 percent in early 2028. The purchase price is based on an EBITDA multiple of 4.2x based on the financial year that ended 31 July 2025.
For more information, please contact:
Fredrik Meuller, President and CEO
Tel. +46 (0) 734 22 70 11
Annika Falk, VP Communication & PR
Tel. +46 (0) 706 02 13 71